Burlington Stores to exchange $55.6M of 2.25% convertible notes for cash

Burlington Stores, Inc.

Aggregate principal amount of $55,635,000 of 2.25% Convertible Senior Notes due 2025 to be exchanged for cash based on VWAP over two-day measurement period starting March 16, 2022.
Exchange expected to close on March 21, 2022, subject to customary closing conditions.
Cash consideration calculated using volume-weighted average price of BURL common stock over the measurement period.
Transactions are privately negotiated with certain holders; notes to be retired upon exchange.

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