secwatch.observer — SEC 8-K summary
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Issuer:     Ollie's Bargain Outlet Holdings, Inc. (OLLI)
CIK:        0001639300
Form:       8-K
Filed at:   2023-01-26T23:59:59+00:00
Accession:  0001140361-23-002892
Event type: debt
Sentiment:  neutral
Materiality: 0.25
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1639300/000114036123002892/0001140361-23-002892-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1639300/000114036123002892/brhc10047083_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-23-002892

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