Ollie's Bargain Outlet Enters Material Definitive Agreement

TL;DR

**OLLI just signed a big deal, details pending, could move the stock.**

AI Summary

Ollie's Bargain Outlet Holdings, Inc. filed an 8-K on January 9, 2024, to report an "Entry into a Material Definitive Agreement" and "Financial Statements and Exhibits." This filing indicates that the company has entered into a significant new agreement, which could impact its future operations and financial performance. For investors, this matters because material agreements often signal strategic shifts, potential new revenue streams, or changes in operational costs, which could affect the stock's valuation.

Why It Matters

This filing signals a new, significant agreement for Ollie's Bargain Outlet, which could lead to changes in its business operations or financial outlook. Investors should monitor for details of this agreement as it could impact future earnings or growth prospects.

Risk Assessment

Risk Level: medium — The filing indicates a material agreement but lacks specific details, creating uncertainty about its potential positive or negative impact on the company.

Analyst Insight

A smart investor would await further details on the 'Material Definitive Agreement' before making any significant investment decisions, as the impact could be either positive or negative depending on the terms.

Key Players & Entities

• Ollie's Bargain Outlet Holdings, Inc. (company) — the registrant filing the 8-K
• January 9, 2024 (date) — date of earliest event reported and filing date
• 001-37501 (null) — Commission File Number for Ollie's Bargain Outlet Holdings, Inc.
• 80-0848819 (null) — IRS Employer Identification No. for Ollie's Bargain Outlet Holdings, Inc.
• 6295 Allentown Boulevard Suite 1 Harrisburg, Pennsylvania 17112 (null) — Address of principal executive offices for Ollie's Bargain Outlet Holdings, Inc.

FAQ

Key Financial Figures

• $0.001 — ange on which registered Common Stock, $0.001 par value OLLI The NASDAQ Stock Mar
• $413.7 million — ort-term investments were approximately $413.7 million as of December 30, 2023. The foregoing

Filing Documents

• ef20018502_8k.htm (8-K) — 32KB
• ef20018502_ex10-1.htm (EX-10.1) — 64KB
• 0001140361-24-001559.txt ( ) — 243KB
• olli-20240109.xsd (EX-101.SCH) — 4KB
• olli-20240109_lab.xml (EX-101.LAB) — 22KB
• olli-20240109_pre.xml (EX-101.PRE) — 16KB
• ef20018502_8k_htm.xml (XML) — 4KB

01

Item 1.01 Entry into a Material Definitive Agreement. On January 9, 2024, Ollie's Holdings, Inc., a Delaware corporation (" Lead Borrower "), Ollie's Bargain Outlet, Inc., a Pennsylvania corporation (" Ollie's "), OBO Ventures, Inc., a Pennsylvania corporation (" OBO Ventures " and together with the Lead Borrower and Ollie's, the " Borrowers ") and Bargain Parent, Inc., a Delaware corporation (" Parent "), each a subsidiary of Ollie's Bargain Outlet Holdings, Inc., a Delaware corporation (the " Company "), entered into a Second Amendment (the " Amendment ") to that certain amended and restated credit agreement, dated as of May 22, 2019 (as previously amended, the " Credit Agreement "), with Manufacturers and Traders Trust Company as administrative agent (in such capacity, the " Administrative Agent "), the other agents party thereto and the lenders party thereto, pursuant to which the maturity date for any loans under the revolving credit facility was extended for a period of five (5) years from the effective date of January 9, 2024 and a zero percent (0.0%) interest rate floor was added to the option for the SOFR Loan Rate (as defined in the Amendment). The Amendment did not otherwise modify the principal amount or interest rate related to loans pursuant to the Credit Agreement, and no debt was incurred, or any proceeds received, in connection with the amendment. The Company's cash and cash equivalents and short-term investments were approximately $413.7 million as of December 30, 2023. The foregoing summary of the Amendment does not purport to be complete and is subject to, and qualified in its entirety by, the full text of the Amendment, which is filed as Exhibit 10.1 and incorporated by reference herein.

01

Item 9.01

Financial Statements and Exhibits

Financial Statements and Exhibits. (d) Exhibits . The following exhibits are filed with this report: Exhibit No. Description 10.1 Second Amendment, dated as of January 9, 2024, to Amended and Restated Credit Agreement, among Bargain Parent, Inc., OBO Ventures, Inc. and certain subsidiaries, as borrowers, Manufacturers and Traders Trust Company, as Administrative Agent, and certain lenders party thereto. 104 Cover Page Interactive Data File –the cover page XBRL tags are embedded within the Inline XBRL document.

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. OLLIE'S BARGAIN OUTLET HOLDINGS, INC. By: /s/ Robert Helm Name: Robert Helm Title: Senior Vice President and Chief Financial Officer Date: January 9, 2024 EXHIBIT INDEX Exhibit No. Description 10.1 Second Amendment, dated as of January 9, 2024, to Amended and Restated Credit Agreement, among Bargain Parent, Inc., OBO Ventures, Inc. and certain subsidiaries, as borrowers, Manufacturers and Traders Trust Company, as Administrative Agent, and certain lenders party thereto. 104 Cover Page Interactive Data File –the cover page XBRL tags are embedded within the Inline XBRL document.