Burlington Stores upsizes credit facility to $900M, transitions from LIBOR to SOFR

Burlington Stores, Inc.

Credit facility commitments increased from $650M to $900M under Fourth Amendment dated July 20, 2022.
Interest rate benchmark switched from LIBOR to term SOFR or daily SOFR (daily SOFR available for up to $100M).
Advances bear interest at daily SOFR/term SOFR plus 1.125%-1.375% margin, or prime rate plus 0.125%-0.375%.
Amendment executed by Burlington Coat Factory Warehouse Corp. as lead borrower and Bank of America as agent.
No default existed immediately after the amendment; post-closing availability was at least $450M.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.