Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
LANDS' END, INC. amended revolving credit with Wells Fargo Bank, National Association at replace the interest rate benchmark currently based upon the London InterBank Of.
- Instrument
- revolving credit
- Counterparty
- Wells Fargo Bank, National Association
- Rate
- replace the interest rate benchmark currently based upon the London InterBank Of
- Event
- amendment
Exact text from the filing
The Fourth Amendment amends that certain Credit Agreement, dated November 16, 2017, as previously amended by the First Amendment dated December 3, 2019, the Second Amendment dated August 12, 2020, and the Third Amendment dated July 29, 2021 (as amended, the “ABL Credit Agreement”), to replace the interest rate benchmark currently based upon the London InterBank Offered Rate with an interest rate benchmark based upon the Secured Overnight Financing Rate for the loans under the ABL Credit Agreement, along with other related changes.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
LANDS' END, INC. amended Fourth Amendment to Credit Agreement with Wells Fargo Bank, National Association, the guarantors, and the lenders party thereto (effective 2023-05-12).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- Wells Fargo Bank, National Association, the guarantors, and the lenders party thereto
- Effective
- 2023-05-12
Exact text from the filing
On May 12, 2023, Lands’ End, Inc. (the “Company”) and certain of its subsidiaries entered into the Fourth Amendment to Credit Agreement (the “Fourth Amendment”), by and among the Company, the guarantors party thereto, Wells Fargo Bank, National Association (as administrative agent and collateral agent) and the lenders party thereto, with respect to the Company’s asset based revolving credit facility.
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