secwatch.observer — SEC 8-K summary
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Issuer:     LANDS' END, INC. (LE)
CIK:        0000799288
Form:       8-K
Filed at:   2023-05-17T23:59:59+00:00
Accession:  0001104659-23-061925
Event type: debt
Sentiment:  neutral
Materiality: 0.10
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/799288/000110465923061925/0001104659-23-061925-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/799288/000110465923061925/tm2315710d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-061925

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer