Current Report Filing (8-k)
27 Junio 2023 - 3:47PM
Edgar (US Regulatory)
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2023-06-22
2023-06-22
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UNITED STATES
SECURITIES AND EXCHANGE
COMMISSION
WASHINGTON, D.C. 20549
FORM
8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
June 22, 2023
LANDS'
END, INC.
(Exact
name of registrant as specified in its charter)
Delaware |
|
001-09769 |
|
36-2512786 |
(State or other jurisdiction of
incorporation) |
|
(Commission File Number) |
|
(IRS Employer
Identification No.) |
1 Lands’ End Lane
Dodgeville, Wisconsin |
|
53595 |
(Address of principal executive offices) |
|
(Zip Code) |
Registrant’s telephone number, including
area code: (608) 935-9341
Not Applicable
(Former name or former address, if changed since
last report.)
Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction
A.2. below):
¨ |
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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¨ |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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¨ |
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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¨ |
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the
Act:
Title of each class |
Trading Symbol(s) |
Name of each exchange on which registered |
Common Stock, par value $0.01 per share |
LE |
The Nasdaq Stock Market LLC |
Indicate by check mark whether the registrant is an emerging growth
company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities
Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company ¨
If an emerging growth company, indicate
by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial
accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
| Item 1.01 | Entry into a Material Definitive Agreement. |
On June 22, 2023, Lands’ End, Inc.
(the “Company”) and certain of its subsidiaries entered into Amendment No. 1 to Term Loan Credit Agreement (the “Amendment”),
by and among the Company, the guarantors party thereto, Fortress Credit Corp. (as administrative agent and collateral agent) and the lenders
party thereto, with respect to the Company’s term loan credit facility. The Amendment amends that certain Term
Loan Credit Agreement, dated September 9, 2020 (as amended, the “Credit Agreement”), to replace the interest rate benchmark
currently based upon the London InterBank Offered Rate with an interest rate benchmark based upon the Secured Overnight Financing Rate
for the loans under the Credit Agreement, along with other related changes.
The foregoing description
of the Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of the Amendment, filed
as Exhibit 4.1 to this Current Report on Form 8-K, which is incorporated herein by reference.
| Item 2.03 | Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. |
The information described
in Item 1.01 of this Current Report on Form 8-K is incorporated herein by reference.
| Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits
SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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LANDS' END, INC. |
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Date: June 27, 2023 |
By: |
/s/ Peter L. Gray |
|
Name: |
Peter L. Gray |
|
Title: |
Chief Commercial Officer, Chief Administrative Officer and General Counsel |
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