Form 8-K EXPRESS, INC. For: Sep 05

Go back to Form 8-K EXPRESS, INC. For: Sep 05

Express (EXPR) Enters Asset-based Term Loan Agreement with ReStore Capital

September 6, 2023 7:15 AM EDT

On September 5, 2023, Express (NYSE: EXPR), Express, LLC (the Borrower), an indirect, wholly-owned subsidiary of the Company, and certain other direct or indirect, wholly-owned subsidiaries of the Company (collectively, with the Company, the Guarantors and, together with the Borrower, the Loan Parties) entered into an asset-based term loan agreement (the Term Loan Agreement) with ReStore Capital LLC, as administrative agent, collateral agent and lender, and the other lenders from time to time party thereto.

The Term Loan Agreement provides the Borrower with a $65.0 million first-in, last-out term loan (the FILO Term Loan). $32.5 million of the FILO Term Loan... More