---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-200058"
form_type: "8-K"
ticker: "BURL"
cik: "0001579298"
company_name: "Burlington Stores, Inc."
filed_at: "2022-07-22T23:59:59+00:00"
generated_at: "2026-06-24T09:33:53.207322+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-22-200058
- form_type: 8-K
- ticker: BURL
- cik: 0001579298
- company_name: Burlington Stores, Inc.
- filed_at: 2022-07-22T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1579298/000119312522200058/0001193125-22-200058-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1579298/000119312522200058/d393601d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-200058
- JSON: https://secwatch.observer/filing/0001193125-22-200058.json
- Plain text: https://secwatch.observer/filing/0001193125-22-200058.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.