---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-236947"
form_type: "8-K"
ticker: "BURL"
cik: "0001579298"
company_name: "Burlington Stores, Inc."
filed_at: "2023-09-18T23:59:59+00:00"
generated_at: "2026-06-10T14:47:20.483197+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Burlington Stores issues $297M of 1.25% convertible notes, extends debt maturity to 2027

## Summary
- Issued ~$297M of 1.25% convertible notes due 2027; exchanged ~$241M of existing 2.25% notes due 2025 and privately placed ~$42M.
- Initial conversion price ~$205.93/share, a 32.5% premium over $155.42 (last sale on Sept 7, 2023).
- Repurchased 165,975 shares at $155.42 per share in connection with the transactions.
- Notes mature Dec 15, 2027; interest payable semi-annually; optional redemption after Dec 20, 2025 if stock >=130% conversion price.
- Notes are unsecured; no shelf registration filed; up to ~1.42M shares may be issuable upon conversion.

## SEC filing metadata
- accession: 0001193125-23-236947
- form_type: 8-K
- ticker: BURL
- cik: 0001579298
- company_name: Burlington Stores, Inc.
- filed_at: 2023-09-18T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1579298/000119312523236947/0001193125-23-236947-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1579298/000119312523236947/d536018d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-236947
- JSON: https://secwatch.observer/filing/0001193125-23-236947.json
- Plain text: https://secwatch.observer/filing/0001193125-23-236947.txt

## Key facts
- Material Agreements
  Burlington Stores, Inc. entered into Indenture with Wilmington Trust, National Association (effective 2023-09-12).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: Wilmington Trust, National Association
  - Effective: 2023-09-12
  source text: The New Convertible Notes were issued pursuant to an Indenture, dated as of September 12, 2023, (the “Indenture”) between the Company and Wilmington Trust, National Association, as trustee (the “Trustee”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1579298/000119312523236947/0001193125-23-236947-index.htm

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