Bath & Body Works has amended and restated its senior secured asset-based revolving credit facility, establishing interest margins of 1.25% to 1.75% over SOFR or CORRA. The agreement includes a financial maintenance covenant requiring a 1.00:1.00 consolidated EBITDAR to consolidated fixed charges ratio under certain liquidity conditions. This update is significant for investors as it defines the company's revised liquidity structure and the operational performance thresholds required to maintain access to its revolving credit.
