Express, Inc. announced that on January 25, 2023, in connection with the delivery of certain of the Transaction Documents, the company entered into the Consent and Fourth Amendment to Second Amended and Restated Asset-Based Loan Credit Agreement and Amendment to Certain Ancillary Loan Documents, by and among the Company, Express Topco LLC, Express Holding, LLC, Express, LLC, Express Fashion Investments, LLC and the other loan parties signatory thereto, Wells Fargo Bank, National Association, as administrative agent and collateral agent, and the other lenders named therein, among other loan documents described therein. Pursuant to the Amended Revolving Credit Facility, the Required Lenders (as defined therein) consented to certain transactions contemplated by the Transaction Documents, and certain conforming changes were made to the Amended Revolving Credit Facility, as well as to certain ancillary related documents. In connection with the transactions contemplated by the Transaction Documents, the Company has also paid in full the outstanding Obligations due under the Asset-Based Term Loan Agreement dated as of January 13, 2021, by and among the Company, Express Topco, Express Holding, Express, LLC and the other loan parties named therein.

Pursuant to the FILO Term Loan Payoff, the Company has no further obligations under the FILO Term Loan except for certain indemnity obligations and other obligations that expressly survive receipt of the FILO Term Loan Payoff or termination of the FILO Term Loan pursuant to its terms, and no further payment is due under the FILO Term Loan.