Urban Outfitters amends $350 million revolving credit facility, extends maturity to June 2027
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.
Key points
- 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
The filing
Written by AI on Nov 8, 2026, 12:57 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on June 15, 2022.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.