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

Issuer:     TILLY'S, INC. (TLYS)
CIK:        0001524025
Form:       8-K
Filed at:   2022-01-21T23:59:59+00:00
Accession:  0001628280-22-001119
Event type: debt
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Tilly's subsidiary enters new $25M revolving credit facility with Wells Fargo
-----------------------------------------------------------------------------

- WOJT, Tilly's wholly-owned subsidiary, entered a $25M revolving credit facility with Wells Fargo, maturing Jan 20, 2024.
- Prior $65M credit agreement terminated; no borrowings outstanding at closing.
- Interest rate: Daily Simple SOFR plus 0.75%; no commitment fee on unused portion.
- Early termination fee of $200,000 plus 0.50% of max principal if refinanced before Nov 9, 2022.
- Facility secured by all WOJT assets and guaranteed by Tilly's Inc., with pledge of WOJT equity.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1524025/000162828022001119/0001628280-22-001119-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1524025/000162828022001119/tlys-20220120.htm
  HTML page:      https://secwatch.observer/filing/0001628280-22-001119

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