secwatch.observer — SEC 8-K summary
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Issuer:     Burlington Stores, Inc. (BURL)
CIK:        0001579298
Form:       8-K
Filed at:   2022-03-16T23:59:59+00:00
Accession:  0001193125-22-076690
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1579298/000119312522076690/0001193125-22-076690-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1579298/000119312522076690/d312470d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-076690

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