Burlington stores, inc. announces pricing of offering of convertible senior notes

Burlington, n.j., april 13, 2020 (globe newswire) -- burlington stores, inc. (nyse: burl) (the “company”) announced today that it has priced its private offering of $700 million aggregate principal amount of 2.25% convertible senior notes due 2025 (the “notes”). the company also granted the initial purchasers of the notes an option to purchase up to an additional $105 million aggregate principal amount of the notes. the offering is expected to close on april 16, 2020, subject to market and other conditions. the company intends to use the net proceeds from the offering of the notes for general corporate purposes.
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