BURLINGTON STORES, INC. (NYSE:BURL) Files An 8-K Entry into a Material Definitive Agreement

On November 17, 2017, Burlington Coat Factory Warehouse Corporation (the “Company”), an indirect wholly-owned subsidiary of Burlington Stores, Inc., entered into Amendment No.6 (the “Amendment”) to the Credit Agreement dated as of February24, 2011 (as amended by that certain Amendment No. 1 dated as of May16, 2012, as further amended by that certain Amendment No. 2 dated as ofFebruary15, 2013, as further amended by that certain Amendment No. 3 dated as of May 17, 2013,as further amended by that certain Amendment No. 4 dated as of August 13, 2014, and as further amended by that certain Amendment No. 5 dated as ofJuly 29, 2016, the “Term Loan Credit Agreement”) with JPMorgan Chase Bank, N.A., as administrative agent, and the lenders and facility guarantors party thereto.JPMorgan Chase Bank, N.A., Goldman Sachs Lending Partners LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, and Wells Fargo Securities LLC acted as joint lead arrangers and joint bookrunners for the Amendment.

The parties entered into the Amendment in order to, among other things, reduce the interest rate margins applicable to the Company’s term loan facility from 1.75% to 1.50%, in the case of prime rate loans, and from 2.75% to 2.50%, in the case of LIBOR loans, with the LIBOR floor continuing to be 0.75%. The Amendment also extended the maturity date from August 13, 2021 to November 17, 2024. The Amendment was accomplished by replacing the outstanding $1,117 million principal amount of term B-4 loans (the “Term B-4 Loans”) with a like aggregate principal amount of term B-5 loans (the “Term B-5 Loans”).

The foregoing description of the Amendment is qualified in its entirety by reference to such document, a copy of which is attached hereto as Exhibit 10.1 and is incorporated into this Item 1.01 by reference.

On November 21, 2017, Burlington Stores, Inc. issued a press release announcing its operating results for the fiscal quarter ended October 28, 2017.A copy of the press release is furnished as Exhibit 99.1 to this Current Report.

The information contained in this Item 1.01, and Exhibit 99.1 attached hereto, is being furnished and shall not be deemed to be “filed”for purposes of Section18 of, or otherwise regarded as filed under, the Securities Exchange Act of 1934, as amended (the “Exchange Act”), nor shall it be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, or in the ExchangeAct, except as shall be expressly set forth by specific reference in such filing.

The information contained in Item 1.01 with respect to the Amendment is incorporated herein by reference.

(d) Exhibits

Burlington Stores, Inc. ExhibitEX-10.1 2 burl-ex101_99.htm EX-10.1 burl-ex101_99.htm Exhibit 10.1   Execution Version   AMENDMENT No. 6,…To view the full exhibit click here
About BURLINGTON STORES, INC. (NYSE:BURL)
Burlington Stores, Inc. is a retailer of branded apparel. The Company has approximately 570 stores, inclusive of an Internet store, in over 45 states of the United States and Puerto Rico, and diversified its product categories by offering a selection of in-season, fashion-focused merchandise, including: women’s ready-to-wear apparel, menswear, youth apparel, baby, footwear, accessories, home and coats. It sells a selection of merchandise acquired directly from manufacturers and other suppliers. Its product categories include home, women, men, shoes, handbags and accessories, juniors, girls, boys, coats and toys. It product offering for home decor include accent furniture, and mirrors; kitchen and dining include bake ware and cook ware; women include dresses and jewelry; men include casual button down shirts and shoes; juniors include jackets and blazers; girls include accessories and communion, and boys include hoodies and sweatshirts. It also offers toys.