Brief: Burlington Stores Got Into Exchange, Subscription Agreements With Holders Of 2.25% Convertible Senior Notes

Burlington Stores

08/09/2023 12:15

Sept 8 (Reuters) - Burlington Stores Inc  BURL.N :
    * BURLINGTON STORES- ON SEPT 7, GOT INTO EXCHANGE,
SUBSCRIPTION
AGREEMENTS WITH SOME NUMBER OF HOLDERS OF 2.25% CONVERTIBLE
SENIOR NOTES DUE 2025
    * BURLINGTON STORES: TO EXCHANGE $244 MILLION OF EXISTING
CONVERTIBLE NOTES FOR ABOUT $258 MILLION IN NEW 1.25%
CONVERTIBLE SENIOR NOTES DUE 2027
    * BURLINGTON STORES INC - WILL ALSO ISSUE ABOUT $42.1
MILLION IN 
NEW CONVERTIBLE NOTES IN A PRIVATE PLACEMENT TO CERTAIN
INVESTORS
    * BURLINGTON STORES INC - EXPECTS TO REPURCHASE AGGREGATE OF
165,975 SHARES OF COMMON STOCK AT A PRICE PER SHARE OF $155.42


Further company coverage:  BURL.N 

 ((Reuters.Briefs@thomsonreuters.com;))