BJ's Wholesale Club Enters Material Definitive Agreement

TL;DR

BJ's just signed a big financial deal, details TBD.

AI Summary

BJ's Wholesale Club Holdings, Inc. entered into a material definitive agreement on November 4, 2024, related to a direct financial obligation. The filing indicates the creation of a financial obligation for the registrant, but specific details regarding the agreement, the nature of the obligation, or any associated dollar amounts are not provided in this excerpt.

Why It Matters

This filing signals a significant financial event for BJ's Wholesale Club, potentially impacting its debt structure or operational financing.

Risk Assessment

Risk Level: medium — The filing indicates a material definitive agreement and a financial obligation, but lacks specific details, creating uncertainty.

Key Players & Entities

• BJ's Wholesale Club Holdings, Inc. (company) — Registrant
• November 4, 2024 (date) — Date of report and earliest event

FAQ

Key Financial Figures

• $0.01 B — ch registered Common Stock, par value $0.01 BJ New York Stock Exchange Indicate by
• $400,000,000 — ans in an aggregate principal amount of $400,000,000 (the "2024 Term Loans"), which refinanc

Filing Documents

• tm2427369d1_8k.htm (8-K) — 30KB
• tm2427369d1_ex10-1.htm (EX-10.1) — 118KB
• 0001104659-24-113883.txt ( ) — 337KB
• bj-20241104.xsd (EX-101.SCH) — 3KB
• bj-20241104_lab.xml (EX-101.LAB) — 33KB
• bj-20241104_pre.xml (EX-101.PRE) — 22KB
• tm2427369d1_8k_htm.xml (XML) — 3KB

01

Item 1.01. Entry into a Material Definitive Agreement. On November 4, 2024 (the "Fifth Amendment Effective Date"), BJ's Wholesale Club Holdings, Inc. (the "Company"), BJ's Wholesale Club, Inc. and certain other subsidiaries of the Company entered into an amendment (the "Fifth Amendment") to the First Lien Term Loan Credit Agreement (as defined below), with Nomura Corporate Funding Americas, LLC, as administrative agent and collateral agent, and the lenders party thereto, which amends that certain First Lien Term Loan Credit Agreement, dated as of February 3, 2017 (as amended by that certain Refinancing Amendment to First Lien Term Loan Credit Agreement, dated as of August 13, 2018, that certain Second Refinancing Amendment to First Lien Term Loan Credit Agreement, dated as of January 29, 2020, that certain Third Amendment to First Lien Term Loan Credit Agreement, dated as of January 5, 2023, and that certain Fourth Amendment to First Lien Term Loan Credit Agreement, dated as of October 12, 2023, the "First Lien Term Loan Credit Agreement"). Deutsche Bank Securities Inc. acted as the left lead arranger and bookrunner, and Nomura Securities International, Inc., BofA Securities, Inc. and Wells Fargo Securities LLC acted as joint lead arrangers and joint bookrunners. The Fifth Amendment, among other things, provides for a new tranche of term loans in an aggregate principal amount of $400,000,000 (the "2024 Term Loans"), which refinances and replaces in full the existing Tranche B Term Loans outstanding under the First Lien Term Loan Credit Agreement immediately prior to the effectiveness of the Fifth Amendment. In addition, the Fifth Amendment reduces applicable margin in respect of the interest rate, upon the effectiveness of the Fifth Amendment, from Secured Overnight Financing Rate ("SOFR") plus 2.00% per annum to SOFR plus 1.75% per annum. Certain of the lenders and their affiliates have provided, and they and other lenders and their affiliates may in the futur

03

Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The information provided in

01 of this Current Report on Form 8-K is incorporated by reference into this Item 2.03

Item 1.01 of this Current Report on Form 8-K is incorporated by reference into this Item 2.03.

01

Item 9.01 Financial Statement and Exhibits. (d) Exhibits Exhibit No. Description 10.1* Fifth Amendment to First Lien Term Loan Credit Agreement, dated as of November 4, 2024, by and among BJ's Wholesale Club, Inc., as the borrower, the Company, certain other subsidiaries of the Company party thereto, Nomura Corporate Funding Americas, LLC, as administrative agent and collateral agent, and the lenders party thereto from time to time. 104 Cover Page Interactive Data (embedded within the Inline XBRL document) * Schedules to this Exhibit have been omitted in accordance with Item 601 of Regulation S-K. The Company agrees to furnish supplementally a copy of all omitted schedules to the U.S. Securities and Exchange Commission or its staff upon request.

SIGNATURES

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. Date: November 4, 2024 BJ'S WHOLESALE CLUB HOLDINGS, INC. By: /s/ Graham N. Luce Name: Graham N. Luce Title: Executive Vice President, Secretary

View Full Filing

View this 8-K filing on SEC EDGAR