secwatch.observer — SEC 8-K summary
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Issuer:     Burlington Stores, Inc. (BURL)
CIK:        0001579298
Form:       8-K
Filed at:   2021-12-22T23:59:59+00:00
Accession:  0001193125-21-364998
Event type: debt
Sentiment:  positive
Materiality: 0.65
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1579298/000119312521364998/0001193125-21-364998-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1579298/000119312521364998/d275638d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-364998

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