Burlington Stores amends ABL credit facility: commitments to $650M, maturity to Dec 2026

Burlington Stores, Inc.

Commitments increased from $600M to $650M; maturity extended from June 2023 to Dec. 22, 2026.
LIBOR margin reduced 12.5 bps to 1.125% (if availability ≥ 40% of loan cap) and 1.375% (if below).
Prime rate margin reduced from 0.25% to 0.125% (high availability) and from 0.50% to 0.375% (low).
Greater flexibility for incurring debt, liens, asset sales, investments, and restricted payments.
Amendment effective Dec. 22, 2021; post-closing insurance and blocked account documentation required within 60 days.

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