Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
Barnes & Noble Education, Inc. updated its the twelve months ended April 29, 2023 guidance (lowered).
- Period
- the twelve months ended April 29, 2023
- Guidance
- lowered
- Result
- preliminary results
Exact text from the filing
The Company expects to report consolidated full year non-GAAP Adjusted EBITDA from continuing operations in the range of $(10) million to $(5) million, compared to $(10.3) million in the prior year period. The Company’s fiscal 2023 non-GAAP Adjusted EBITDA from continuing operations is below its guidance
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
Barnes & Noble Education, Inc. amended Amended Term Loan Credit Agreement with TopLids LendCo, LLC and Vital Fundco, LLC valued at Second Amendment to Term Loan Credit Agreement; deferred prepayment upon certain liquidity events to (effective 2023-05-24).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- TopLids LendCo, LLC and Vital Fundco, LLC
- Value
- Second Amendment to Term Loan Credit Agreement; deferred prepayment upon certain liquidity events to
- Effective
- 2023-05-24
Exact text from the filing
On May 24, 2023 (the "Amendment Closing Date"), Barnes & Noble Education, Inc. (the "Company") entered into (i) a Seventh Amendment (the "ABL Amendment") to the Credit Agreement, dated as of August 3, 2015 (as amended prior to the ABL Amendment, the "ABL Credit Agreement"), among the Company, as the lead borrower, the other borrowers party thereto, the lenders party thereto and Bank of America, N.A., as administrative agent and collateral agent for the lenders (the "ABL Agent") and (ii) a Second Amendment (the "Term Loan Amendment") to the Term Loan Credit Agreement, dated as of June 7, 2022 (as amended prior to the Term Loan Amendment, the "Term Loan Credit Agreement"), among the Company, as borrower, certain subsidiaries of the Company party thereto as guarantors, TopLids LendCo, LLC and Vital Fundco, LLC, as lenders, and TopLids LendCo, LLC, as administrative agent and collateral agent for the lenders.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
Barnes & Noble Education, Inc. amended Amended ABL Credit Agreement with Bank of America, N.A. valued at Seventh Amendment to Credit Agreement; increased applicable margin to 3.75% (SOFR) / 2.75% (base rat (effective 2023-05-24).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- Bank of America, N.A.
- Value
- Seventh Amendment to Credit Agreement; increased applicable margin to 3.75% (SOFR) / 2.75% (base rat
- Effective
- 2023-05-24
Exact text from the filing
On May 24, 2023 (the "Amendment Closing Date"), Barnes & Noble Education, Inc. (the "Company") entered into (i) a Seventh Amendment (the "ABL Amendment") to the Credit Agreement, dated as of August 3, 2015 (as amended prior to the ABL Amendment, the "ABL Credit Agreement"), among the Company, as the lead borrower, the other borrowers party thereto, the lenders party thereto and Bank of America, N.A., as administrative agent and collateral agent for the lenders (the "ABL Agent") and (ii) a Second Amendment (the "Term Loan Amendment") to the Term Loan Credit Agreement, dated as of June 7, 2022 (as amended prior to the Term Loan Amendment, the "Term Loan Credit Agreement"), among the Company, as borrower, certain subsidiaries of the Company party thereto as guarantors, TopLids LendCo, LLC and Vital Fundco, LLC, as lenders, and TopLids LendCo, LLC, as administrative agent and collateral agent for the lenders.
View on SEC.gov