Burlington Stores Inc.
Burlington Stores Finalizes $500M Credit Agreement Amendment
Summary
On June 11, 2025, Burlington Coat Factory Warehouse Corporation, an indirect subsidiary of Burlington Stores, Inc., amended its existing Credit Agreement to incur $500 million of incremental term loans. The proceeds will fund general corporate purposes, including costs associated with the purchase of a distribution center and repay ABL borrowings.
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About Burlington Stores Inc.
Burlington Stores Inc. is a leading off-price retailer specializing in clothing, footwear, accessories, and home goods. Operating under the brand name Burlington, the company offers a wide array of affordable products, catering to value-conscious consumers. Established in 1972, Burlington has grown to become a significant player in the retail sector, with over 700 stores across the United States. The company's business model focuses on providing high-quality merchandise at substantially discounted prices compared to traditional department stores. This approach allows Burlington to reach diverse demographic groups, including families, young professionals, and individuals seeking trendy yet economical options. Beyond clothing, Burlington’s product range extends into beauty products and home décor, broadening its market appeal. In the financial market, Burlington Stores Inc. is recognized for its consistent growth and operational efficiency, often regarded as a benchmark in the off-price retail segment. By continuously adapting to changing consumer preferences and economic conditions, Burlington remains a prominent entity in the competitive retail landscape.
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