Tailored Brands,Inc. (NYSE:TLRD) Files An 8-K Regulation FD DisclosureItem 7.01 Regulation FD Disclosure.
Certain members of the senior management team of Tailored Brands,Inc. (the “Company”) expect to conduct meetings with lenders on March20, 2018. The Company is giving notice of the fact that during the course of these meetings, the Company will be discussing the refinancing of both the floating and fixed rate tranches of its existing term loan (collectively, the “Term Loan”).
The Company expects to discuss a floating rate tranche of the Term Loan totaling $600 million, subject to a LIBOR floor of 1% per annum, plus an applicable margin ranging from 3.25% to 3.50% and an original issue discount of 0.50%. The Company expects to discuss a fixed rate tranche of the Term Loan totaling $300 million with a fixed rate of 6.0% to 6.25% and an original issue discount of 0.50%. The Company expects both the floating and fixed rate tranches of the Term Loan will mature in 2025 and contain customary call protections.
The information presented herein is intended to be furnished under Item 7.01 to Regulation FD and shall not be deemed “filed” for purposes of Section18 of the Securities Exchange Act of 1934, as amended (the “Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Act, except as expressly set forth by specific reference in such filing.