Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 1.0
EXPRESS, INC. incurred term loan of $65.0 million with ReStore Capital LLC at SOFR plus a pricing margin of 10.00% per annum maturing November 26, 2027.
- Instrument
- term loan
- Principal
- $65.0 million
- Counterparty
- ReStore Capital LLC
- Rate
- SOFR plus a pricing margin of 10.00% per annum
- Maturity
- November 26, 2027
- Event
- incurrence
Exact text from the filing
The Term Loan Agreement provides the Borrower with a $65.0 million “first-in, last-out” term loan (the “FILO Term Loan”).
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
EXPRESS, INC. entered into Term Loan Agreement with ReStore Capital LLC valued at $65.0 million first-in, last-out term loan (effective 2023-09-05).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- ReStore Capital LLC
- Value
- $65.0 million first-in, last-out term loan
- Effective
- 2023-09-05
Exact text from the filing
On September 5, 2023, Express, Inc. (the “Company”), Express, LLC (the “Borrower”), an indirect, wholly-owned subsidiary of the Company, and certain other direct or indirect, wholly-owned subsidiaries of the Company (collectively, with the Company, the “Guarantors” and, together with the Borrower, the “Loan Parties”) entered into an asset-based term loan agreement (the “Term Loan Agreement”) with ReStore Capital LLC, as administrative agent, collateral agent and lender, and the other lenders from time to time party thereto.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
EXPRESS, INC. amended Fifth Amendment to Second Amended and Restated Asset-Based Loan Credit Agreement with Wells Fargo Bank, National Association valued at Permitted the entry into the Term Loan Agreement on a second-priority basis to the ABL Credit Facili (effective 2023-09-05).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- Wells Fargo Bank, National Association
- Value
- Permitted the entry into the Term Loan Agreement on a second-priority basis to the ABL Credit Facili
- Effective
- 2023-09-05
Exact text from the filing
On September 5, 2023, the Loan Parties entered into a Fifth Amendment (the “Amendment”) to the Second Amended and Restated Asset-Based Loan Credit Agreement, dated as of May 20, 2015, among the Loan Parties, Wells Fargo Bank, National Association, as administrative agent and collateral agent, and the lenders party thereto (as amended, the “ABL Credit Agreement”).
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