May 26, 4:14 PM ET
Urban Outfitters and certain domestic subsidiaries signed a fifth amendment on May 19, 2026 to its asset-based revolving credit facility. The amendment extends the facility's maturity to May 2031 and removes the Canadian sub-facility, with its Canadian subsidiary released from obligations under the facility.
- Facility continues to provide loans and letters of credit up to $350 million, subject to a borrowing base of eligible accounts receivable and inventory
- Maturity date extended to May 2031
- Canadian Borrowing Base and Canadian Sublimit removed; URBN Canada Retail, Inc. released from its obligations under the facility
- Obligations remain unconditionally guaranteed by the Company and certain U.S. subsidiaries and secured by first-priority interest in inventory, accounts receivable and certain other assets
Read the filing on SEC.gov ↗
Jun 15, 4:15 PM ET
Urban Outfitters and certain domestic subsidiaries signed a third amendment on June 10, 2022 to its asset-based revolving credit facility. The amendment extends the senior secured facility's maturity to June 2027 and replaces LIBOR as a reference rate, with capacity up to $350 million that can be expanded by $150 million. The filing is a financing update that does not report any borrowing amounts or new results.
- Third Amendment dated June 10, 2022 to the amended and restated credit agreement, with JPMorgan Chase Bank, N.A. as administrative agent
- Facility provides loans and letters of credit up to $350 million, subject to a borrowing base of eligible accounts receivable and inventory, with an option to expand by up to $150 million
- Interest at adjusted SOFR, CDOR, SONIA or EURIBOR plus 1.125% to 1.375%, or adjusted ABR plus 0.125% to 0.375%; commitment fee of 0.20% on unused amounts
- Maturity extended to June 2027; obligations secured by first-priority interest in inventory, accounts receivable and certain other assets
Read the filing on SEC.gov ↗
Jun 13, 4:46 PM ET
At its June 7, 2022 annual meeting, Urban Outfitters shareholders approved an amended and restated 2017 Stock Incentive Plan, which allows 6,096,720 shares to be issued under awards, and re-elected all ten director nominees. They also ratified Deloitte & Touche LLP as auditor and approved executive compensation, while rejecting a shareholder proposal on a supply chain report by a wide margin.
- Amended 2017 Plan approved with 80,337,681 votes for and 1,420,296 against; it expires December 11, 2026
- Supply chain report proposal received 12,689,533 votes for and 66,406,647 against
- John C. Mulliken elected Chair of the Nominating and Governance Committee after the meeting
Read the filing on SEC.gov ↗
Jan 11, 5:25 PM ET
Urban Outfitters reported total net sales up 14.6% for the two months ended December 31, 2021, compared with the same period in 2019, and up 14.4% for the eleven months. The company said fourth-quarter gross margin could deleverage because of higher inbound transportation costs, and it compared results to fiscal 2020 rather than fiscal 2021 because of COVID-19 store closures. The filing also attached forms of 2017 Stock Incentive Plan award agreements.
- Total net sales rose 14.6% for the two months ended December 31, 2021, versus 2019; comparable Retail segment sales rose 14%.
- Wholesale segment net sales fell 18% for the two months, mainly from reducing Free People Group sales to promotional wholesale customers.
- Company said total fourth-quarter gross margin could deleverage due to higher than anticipated inbound transportation costs.
- In the eleven months ended December 31, 2021, the company opened 56 retail locations and closed 10.
Read the filing on SEC.gov ↗
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