---
schema_version: "secwatch.filing_event.v1"
accession: "0000039911-21-000112"
form_type: "8-K"
ticker: "GAP"
cik: "0000039911"
company_name: "GAP INC"
filed_at: "2021-09-28T23:59:59+00:00"
generated_at: "2026-06-29T01:07:06.141091+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Gap closes $1.5B senior notes offering, repurchases $1.9B high-yield secured notes

## Summary
- Closed $1.5B senior unsecured notes: $750M 3.625% due 2029 and $750M 3.875% due 2031.
- Used net proceeds plus cash to repurchase $1.918B of existing high-yield secured notes via tender offers.
- Repurchased $330M of 8.375% 2023s, $683M of 8.625% 2025s, $905M of 8.875% 2027s.
- Received consents to amend indentures, eliminating covenants and releasing collateral on repurchased notes.
- New notes are unsecured senior obligations guaranteed by certain domestic subsidiaries.

## SEC filing metadata
- accession: 0000039911-21-000112
- form_type: 8-K
- ticker: GAP
- cik: 0000039911
- company_name: GAP INC
- filed_at: 2021-09-28T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/39911/000003991121000112/0000039911-21-000112-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/39911/000003991121000112/gps-20210927.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000039911-21-000112
- JSON: https://secwatch.observer/filing/0000039911-21-000112.json
- Plain text: https://secwatch.observer/filing/0000039911-21-000112.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.