Burlington Coat Factory Warehouse Corporation operates as a retailer of branded apparel in the United States. The company provides in-season and fashion-focused merchandise, such as ladies sportswear, menswear, coats, and family footwear, as well as baby furniture, accessories, home décor, and gifts; designer and fashion shoes; and baby clothing and other merchandise products. As of February 1, 2014, it operated 503 stores under the Burlington Coat Factory name; 2 stores under the Cohoes Fashions name; 2 stores under the Super Baby Depot name; 13 stores under the MJM Designer Shoes name; and 1 store under the Burlington Shoes name, as well as operated an Internet store in 44 states and Puert...
1830 Route 130 North
Burlington, NJ 08016
Founded in 1972
Burlington Coat Factory Warehouse Corporation to Open New Store in Grandview, Missouri
Apr 15 15
Burlington Coat Factory Warehouse Corporation has announced that it will open a new 60,000sqft store in Grandview, Missouri in fall 2015. The new Burlington will be located at Truman Corners at South US Hwy 71 in Grandview, MO. This opening will bring approximately 50-100 new jobs to the Grandview community and will be one of eight Burlington locations in the state of Missouri. The store will feature ladies' apparel, accessories, menswear, family footwear, children's clothing, a broad assortment of furniture and accessories for baby at Baby Depot, home decor and gifts, selection of coats in the nation.
Burlington Coat Factory Warehouse Corporation Enters into Amendment No. 4 to its Credit Agreement
Aug 18 14
On August 13, 2014, Burlington Coat Factory Warehouse Corporation entered into Amendment No. 4 to the Credit Agreement, dated as of February 24, 2011, as amended on May 16, 2012, as amended on February 15, 2013 and as further amended on May 17, 2013 and as collateral agent, the lenders party thereto, J.P. Morgan Securities LLC, Goldman Sachs Lending Partners LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated and Wells Fargo Securities, LLC, as joint lead arrangers and joint book runners and J.P. Morgan Securities LLC, Goldman Sachs Lending Partners LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Morgan Stanley Senior Funding Inc. and Wells Fargo Securities, as joint lead arrangers and joint book runners for the Term Amendment, governing the terms of BCFWC’s term loan facility. The parties to the Term Loan Credit Agreement have entered into the Term Amendment in order to, among other things, refinance and replace the outstanding $830,551,995 principal amount of term B-2 loans with $1,200,000,000 principal amount of term B-3 loans, enable BCFWC to redeem in full its outstanding 10% Senior Notes due 2019, make a distribution to Burlington Holdings, LLC to enable Holdings to redeem in full its outstanding 9.00%/9.75% Senior Notes due 2018, increase the available incremental amount from $150,000,000 to $400,000,000 plus unlimited amounts so long as BCFWC’s pro forma consolidated secured leverage ratio does not exceed 3.50 to 1.00, remove the following financial performance covenants: consolidated leverage ratio, consolidated interest ratio and capital expenditures, and give BCFWC and its restricted subsidiaries additional flexibility to make investments, restricted payments (including dividends), incur additional debt, grant liens and otherwise comply with its covenants under the Amended Term Loan Credit Agreement. The interest rate margin applicable under the Amended Term Loan Credit Agreement is 3.25% in the case of loans drawn at LIBOR and 2.25% in the case of loans drawn under the prime rate. The Term Amendment removed the variable pricing mechanism that was formerly in place, which was based on BCFWC’s pro forma consolidated secured leverage ratio. The Term B-3 Loans will mature on August 13, 2021, seven years after the Closing Date.
Burlington Stores, Inc., Burlington Coat Factory Investments Holdings, Inc. and Burlington Coat Factory Warehouse Corporation Announces Resignation of Mark Verdi as Director
Jan 23 14
On January 17, 2014, Mark Verdi provided written notice to the company of his decision to resign as a director of each of Burlington Stores, Inc., Burlington Coat Factory Investments Holdings, Inc. and Burlington Coat Factory Warehouse Corporation, such resignation to be effective immediately. The resignation of Mr. Verdi did not involve any disagreement with the company. Mr. Verdi is leaving Bain Capital to become the President of C&S Wholesale Grocers, Inc. effective March 1, 2014.