secwatch.observer — SEC 8-K summary
======================================

Issuer:     Burlington Stores, Inc. (BURL)
CIK:        0001579298
Form:       8-K
Filed at:   2023-09-18T23:59:59+00:00
Accession:  0001193125-23-236947
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1579298/000119312523236947/0001193125-23-236947-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1579298/000119312523236947/d536018d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-236947

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer