Burlington stores, inc. announces proposed offering of senior secured notes

Burlington, n.j., april 13, 2020 (globe newswire) -- burlington stores, inc. (nyse: burl) (the “company”) announced today that its indirect wholly owned subsidiary, burlington coat factory warehouse corporation (the “corporation”), has commenced a private offering of $300 million aggregate principal amount of senior secured notes due 2025 (the “notes”), subject to market and other conditions. the notes will be guaranteed by the same parent entities and subsidiaries of the corporation that guarantee, and will be secured by the same collateral as, the corporation’s senior secured term loan facility. the corporation intends to use the net proceeds from the offering of the notes for general corporate purposes.
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