secwatch.observer — SEC 8-K summary
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Issuer:     URBAN OUTFITTERS INC (URBN)
CIK:        0000912615
Form:       8-K
Filed at:   2022-06-15T23:59:59+00:00
Accession:  0001564590-22-023319
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03
LLM model:  deepseek-v4-flash:cloud@v2

Urban Outfitters amends credit facility, extends maturity to June 2027 and replaces LIBOR with SOFR
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- Amended asset-based revolving credit facility increased up to $350 million, with option to expand by $150 million.
- Maturity extended to June 2027; LIBOR replaced with adjusted SOFR, CDOR, SONIA, or EURIBOR.
- Interest at SOFR plus 1.125%–1.375% or ABR plus 0.125%–0.375%, depending on availability.
- Commitment fee of 0.20% payable quarterly on unused portion; facility secured by inventory and receivables.
- Borrowings guaranteed by parent and certain U.S. subsidiaries; swing-line and multicurrency sub-facilities included.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/912615/000156459022023319/0001564590-22-023319-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/912615/000156459022023319/urbn-8k_20220610.htm
  HTML page:      https://secwatch.observer/filing/0001564590-22-023319

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