---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-061925"
form_type: "8-K"
ticker: "LE"
cik: "0000799288"
company_name: "LANDS' END, INC."
filed_at: "2023-05-17T23:59:59+00:00"
generated_at: "2026-06-14T22:51:19.281481+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.1
calibrated_materiality_score: 0.1
confidence: "high"
source: SEC EDGAR
---

# Lands' End amends ABL credit facility to replace LIBOR with SOFR benchmark

## Summary
- Fourth Amendment dated May 12, 2023, among Lands' End, guarantors, Wells Fargo (agent), and lenders.
- Replaces LIBOR with SOFR as interest rate benchmark under the existing ABL credit agreement.
- No change to borrowing capacity or other material terms; amendment is administrative in nature.
- Previously amended in 2019, 2020, and 2021; this is the fourth amendment to the 2017 credit agreement.

## SEC filing metadata
- accession: 0001104659-23-061925
- form_type: 8-K
- ticker: LE
- cik: 0000799288
- company_name: LANDS' END, INC.
- filed_at: 2023-05-17T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.1
- calibrated_materiality_score: 0.1
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/799288/000110465923061925/0001104659-23-061925-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/799288/000110465923061925/tm2315710d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-061925
- JSON: https://secwatch.observer/filing/0001104659-23-061925.json
- Plain text: https://secwatch.observer/filing/0001104659-23-061925.txt

## Key facts
- Debt Financings
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/799288/000110465923061925/0001104659-23-061925-index.htm
- Material Agreements
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/799288/000110465923061925/0001104659-23-061925-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.