---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-23-002892"
form_type: "8-K"
ticker: "OLLI"
cik: "0001639300"
company_name: "Ollie's Bargain Outlet Holdings, Inc."
filed_at: "2023-01-26T23:59:59+00:00"
generated_at: "2026-06-20T08:16:01.768596+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.25
calibrated_materiality_score: 0.25
confidence: "high"
source: SEC EDGAR
---

# Ollie's Bargain Outlet amends credit agreement to replace LIBOR with SOFR

## Summary
- First Amendment to Credit Agreement dated Jan 24, 2023; replaces LIBOR-based rates with SOFR-based rates.
- Modifies provisions for determining alternative rate of interest upon benchmark unavailability.
- No changes to commitment amounts ($100M revolver, $45M letters of credit, $25M swingline) or financial covenants.
- Borrowers reaffirm representations; no Event of Default occurred.

## SEC filing metadata
- accession: 0001140361-23-002892
- form_type: 8-K
- ticker: OLLI
- cik: 0001639300
- company_name: Ollie's Bargain Outlet Holdings, Inc.
- filed_at: 2023-01-26T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.25
- calibrated_materiality_score: 0.25
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1639300/000114036123002892/0001140361-23-002892-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1639300/000114036123002892/brhc10047083_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-23-002892
- JSON: https://secwatch.observer/filing/0001140361-23-002892.json
- Plain text: https://secwatch.observer/filing/0001140361-23-002892.txt

## Key facts
- Material Agreements
  Ollie's Bargain Outlet Holdings, Inc. amended First Amendment with Manufacturers and Traders Trust Company as administrative agent (effective 2023-01-24).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Manufacturers and Traders Trust Company as administrative agent
  - Effective: 2023-01-24
  source text: On January 24, 2023, the subsidiaries of Ollie’s Bargain Outlet Holdings, Inc., a Delaware corporation , party to that certain amended and restated credit agreement (the “ Credit Agreement ”), dated as of May 22, 2019, with Manufacturers and Traders Trust Company as administrative agent (the “ Agent ”), the other agents party thereto and the lenders party thereto, entered into the First Amendment (the “ Amendment ”) with the Agent to amend the Credit Agreement
  evidence_url: https://www.sec.gov/Archives/edgar/data/1639300/000114036123002892/0001140361-23-002892-index.htm

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