secwatch.observer — SEC 8-K summary
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Issuer:     1 800 FLOWERS COM INC (FLWS)
CIK:        0001084869
Form:       8-K
Filed at:   2023-06-28T23:59:59+00:00
Accession:  0001437749-23-018797
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

1-800-Flowers.com refinances credit: term loan to $200M, revolver $225M, maturity 2028
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- Term loan increased from ~$150M to $200M; revolving facility decreased from $250M to $225M.
- Maturity extended by ~48 months to June 27, 2028 for both facilities.
- Applicable interest rate margins increased by 25 bps for SOFR and base rate loans.
- Seasonal revolver reduction to $125M from Jan 1 through Aug 1 each year.
- Third Amended Credit Agreement amends and restates existing 2019 facility with JPMorgan Chase as admin agent.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1084869/000143774923018797/0001437749-23-018797-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1084869/000143774923018797/flws20230628_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-018797

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