LANDS' END, INC. (LE): debt financing — 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.

Key facts

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 credit facility of $225 million with Wells Fargo Bank, National Association at Term SOFR or Base Rate with margins from 0.75% to 1.75% maturing March 28, 2030.

Instrument: credit facility
Principal: $225 million
Counterparty: Wells Fargo Bank, National Association
Rate: Term SOFR or Base Rate with margins from 0.75% to 1.75%
Maturity: March 28, 2030
Event: amendment

Exact text from the filing

The Fifth Amendment extends the latest maturity date of the ABL Credit Agreement from July 29, 2026, to March 28, 2030. The Fifth Amendment also reduces aggregate commitments from $275 million to $225 million

View on SEC.gov

Browse all debt financings →

LANDS' END, INC. filing history →

Source: SEC EDGAR

accession 0001104659-25-029857

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.