---
schema_version: "secwatch.filing_event.v1"
accession: "0000039911-22-000058"
form_type: "8-K"
ticker: "GAP"
cik: "0000039911"
company_name: "GAP INC"
filed_at: "2022-07-13T23:59:59+00:00"
generated_at: "2026-06-24T16:15:06.720154+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Gap enters $2.2B ABL credit facility maturing 2027, replacing prior facility

## Summary
- Initial aggregate principal amount of $2.2 billion under the ABL Credit Facility.
- Facility matures on July 13, 2027; replaces the previous $2.2B facility dated May 7, 2020.
- Interest is SOFR plus 125–150 bps (or base rate plus 25–50 bps), subject to sustainability-linked adjustments.
- Includes $300M letter of credit sublimit, $200M swingline, and $200M Canadian borrowing sublimit.
- Proceeds will repay existing facility and be used for working capital, capex, and general corporate purposes.

## SEC filing metadata
- accession: 0000039911-22-000058
- form_type: 8-K
- ticker: GAP
- cik: 0000039911
- company_name: GAP INC
- filed_at: 2022-07-13T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/39911/000003991122000058/0000039911-22-000058-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/39911/000003991122000058/gps-20220713.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000039911-22-000058
- JSON: https://secwatch.observer/filing/0000039911-22-000058.json
- Plain text: https://secwatch.observer/filing/0000039911-22-000058.txt

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