Lands' End amends ABL facility: maturity extended to 2030, commitments reduced to $225M

LANDS' END, INC.

Maturity extended from July 2026 to March 2030.
Aggregate commitments decreased from $275M to $225M.
Letter of credit sublimit reduced from $70M to $35M.
SOFR benchmark adjustment eliminated; borrowing margins revised: SOFR loans 1.50%-1.75%, Base Rate loans 0.75%-1.00%.
Commitment fees set at 0.20% or 0.30% based on average daily outstandings.

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