---
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"
generated_at: "2026-06-16T06:24:56.812326+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Tilly's subsidiary enters new $65M credit facility with Wells Fargo, replacing $25M prior

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-014214
- JSON: https://secwatch.observer/filing/0001628280-23-014214.json
- Plain text: https://secwatch.observer/filing/0001628280-23-014214.txt

## Key facts
- Material Agreements
  TILLY'S, INC. terminated Prior Credit Agreement with Wells Fargo Bank, National Association valued at $25.0 million (effective 2023-04-27).
  - Action: termination
  - Agreement: credit facility
  - Counterparty: Wells Fargo Bank, National Association
  - Value: $25.0 million
  - Effective: 2023-04-27
  source text: ”), 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_url: https://www.sec.gov/Archives/edgar/data/1524025/000162828023014214/0001628280-23-014214-index.htm
- Material Agreements
  TILLY'S, INC. entered into Credit Agreement with Wells Fargo Bank, National Association valued at $65.0 million (effective 2023-04-27).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Wells Fargo Bank, National Association
  - Value: $65.0 million
  - Effective: 2023-04-27
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1524025/000162828023014214/0001628280-23-014214-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.