Related Party Transactions

3 Months Ended

Apr. 30, 2022

Related Party Transactions [Abstract]

Related Party Transactions

10. Related Party Transactions

On September 30, 2020, the Company entered into the Subordinated Facility, with a group of lenders that includes certain affiliates of TowerBrook and our Chairman of the board of directors. In accordance with the Subordinated Facility, the Company issued penny warrants to the Subordinated Lenders.

For the thirteen weeks ended April 30, 2022 the Company incurred $0.8 million of Interest expense, net – related party associated with the Subordinated Facility in the condensed consolidated statements of operations and comprehensive income. For the thirteen weeks ended May 1, 2021, the Company incurred $0.5 million and $18.6 million, respectively, of Interest expense, net – related party and Fair value adjustment of warrants – related party. For both the thirteen weeks ended April 30, 2022 and May 1, 2021 the Company incurred an immaterial amount of other related party transactions.