debt
confidence high
sentiment positive
materiality 0.40
BJ's Wholesale Club refinances $400M term loan, reduces interest rate by 25 bps
BJ's Wholesale Club Holdings, Inc.
- New $400M term loan at SOFR + 1.75% per annum, replacing prior rate of SOFR + 2.00%.
- Fifth Amendment executed Nov 4, 2024; refinances all outstanding Tranche B Term Loans.
- Proceeds used to repay existing debt and pay fees and expenses.
- Deutsche Bank Securities left lead arranger; Nomura, BofA, Wells Fargo joint bookrunners.