{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-23-014214","form_type":"8-K","ticker":"TLYS","cik":"0001524025","company_name":"TILLY'S, INC.","filed_at":"2023-04-28T23:59:59+00:00","discovered_at":"2026-05-14T18:03:39.232869+00:00","generated_at":"2026-06-16T06:24:56.812326+00:00","sec_items":["1.01","1.02","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Tilly's subsidiary enters new $65M credit facility with Wells Fargo, replacing $25M prior","bullets":["New $65M asset-based revolving credit facility matures April 27, 2026.","No borrowings outstanding at closing; $2.025M letter of credit transferred.","Cash dividend and stock repurchase prohibited through first anniversary, then allowed with conditions.","Initial borrowing base set at $25M until completion of collateral audit."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-23-014214","json":"https://secwatch.observer/filing/0001628280-23-014214.json","markdown":"https://secwatch.observer/filing/0001628280-23-014214.md","text":"https://secwatch.observer/filing/0001628280-23-014214.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1524025/000162828023014214/0001628280-23-014214-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1524025/000162828023014214/tlys-20230427.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-16T06:24:56.812326+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"22fa9aeb67c6ae38b7fa34921daa061e32744f43","claim":"TILLY'S, INC. terminated Prior Credit Agreement with Wells Fargo Bank, National Association valued at $25.0 million (effective 2023-04-27).","evidence_excerpt":"”), World of Jeans & Tops, a California corporation (“ WOJT ”) and wholly-owned subsidiary of Tilly’s, Inc., a Delaware corporation (the “ Company ”), as borrower, and the Company, as guarantor, entered into a credit agreement (the “ Credit Agreement ”) with Wells Fargo Bank, National Association, as lender, administrative agent and collateral agent (the “ Agent ”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1524025/000162828023014214/0001628280-23-014214-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"termination"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Wells Fargo Bank, National Association"},{"label":"Value","value":"$25.0 million"},{"label":"Effective","value":"2023-04-27"}],"fact_type":"material_agreement"},{"claim_id":"44ff48eb4806d2793d588a611598797c1e020ab3","claim":"TILLY'S, INC. entered into Credit Agreement with Wells Fargo Bank, National Association valued at $65.0 million (effective 2023-04-27).","evidence_excerpt":"On April 27, 2023 (the “ Closing Date ”), World of Jeans & Tops, a California corporation (“ WOJT ”) and wholly-owned subsidiary of Tilly’s, Inc., a Delaware corporation (the “ Company ”), as borrower, and the Company, as guarantor, entered into a credit agreement (the “ Credit Agreement ”) with Wells Fargo Bank, National Association, as lender, administrative agent and collateral agent (the “ Agent ”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1524025/000162828023014214/0001628280-23-014214-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Wells Fargo Bank, National Association"},{"label":"Value","value":"$65.0 million"},{"label":"Effective","value":"2023-04-27"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}