secwatch.observer — SEC 8-K summary
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Issuer:     TILLY'S, INC. (TLYS)
CIK:        0001524025
Form:       8-K
Filed at:   2023-01-26T23:59:59+00:00
Accession:  0001628280-23-001623
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Tilly's amends credit agreement, raising debt-to-EBITDAR covenant to 4.75x for two quarters
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- Required Total Funded Debt to EBITDAR ratio increased from 4.00:1.00 to 4.75:1.00 for quarters ending Jan 28 and Apr 29, 2023.
- Ratio reverts to 4.00:1.00 for quarter ending Jul 23, 2023 and each fiscal quarter thereafter.
- Amendment between subsidiary World of Jeans & Tops and Wells Fargo Bank, effective January 26, 2023.
- Tilly's represented no Event of Default existed as of the amendment date.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1524025/000162828023001623/0001628280-23-001623-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1524025/000162828023001623/tlys-20230126.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-001623

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