secwatch.observer — SEC 8-K summary
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Issuer:     AMERICAN EAGLE OUTFITTERS INC (AEO)
CIK:        0000919012
Form:       8-K
Filed at:   2022-06-28T23:59:59+00:00
Accession:  0001193125-22-183085
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

American Eagle enters new $700M asset-based revolving credit facility due 2027
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- New five-year $700M ABL credit facility replaces prior agreement; matures June 24, 2027.
- Facility includes $60M sublimit for Canadian borrower and $60M for letters of credit; additional $150M first-in, last-out option.
- Interest rates: SOFR plus 1.125%-1.375% or base rate plus 0.125%-0.375%; commitment fee 0.20% on unused portion.
- Proceeds for general corporate purposes and working capital; secured by inventory, receivables, and certain real property.
- Contains springing fixed charge coverage ratio and customary covenants for asset-based financings.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/919012/000119312522183085/0001193125-22-183085-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/919012/000119312522183085/d305379d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-183085

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