BJ's Wholesale Club extends term loan maturity to 2027, rate to SOFR+2.75%

BJ's Wholesale Club Holdings, Inc.

Maturity of $450M first lien term loan extended from Feb 2024 to Feb 2027.
Interest rate transitions from LIBOR+2.00-2.25% to SOFR+2.75% per annum.
Company prepaid $152M of principal in Q4 2022 concurrent with third amendment.
Consenting lenders received 0.25% consent fee on outstanding amount.
Non-consenting lenders repaid in full; all obligations to them satisfied.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

BJ's Wholesale Club Holdings, Inc. amended Third Amendment with Nomura Corporate Funding Americas, LLC valued at $450.0 million (effective 2023-01-05).

Action: amendment
Agreement: credit facility
Counterparty: Nomura Corporate Funding Americas, LLC
Value: $450.0 million
Effective: 2023-01-05

Exact text from the filing

On January 5, 2023, BJ’s Wholesale Club Holdings, Inc. (the “Company”), BJ’s Wholesale Club, Inc. and certain other subsidiaries of the Company entered into an amendment (the “Third Amendment”) to the First Lien Term Loan Credit Agreement (as defined below), with Nomura Corporate Funding Americas, LLC, as administrative agent and collateral agent and the lenders party thereto

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BJ's Wholesale Club Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001531152-23-000002

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