Extracted from this filing and checked against the source text.
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
TJX COMPANIES INC /DE/ amended 2028 Revolving Credit Facility with U.S. Bank National Association, HSBC Bank USA, National Association, Wells Fargo Bank, National Association, Bank of America, N.A., Deutsche Bank Securities, Inc., and JPMorgan Chase Bank, N.A. valued at $500 million (effective 2023-05-08).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- U.S. Bank National Association, HSBC Bank USA, National Association, Wells Fargo Bank, National Association, Bank of America, N.A., Deutsche Bank Securities, Inc., and JPMorgan Chase Bank, N.A.
- Value
- $500 million
- Effective
- 2023-05-08
Exact text from the filing
On May 8, 2023, The TJX Companies, Inc. (the “Company”) amended its $500 million revolving credit facility by and among the Company, U.S. Bank National Association, as administrative agent (the “Administrative Agent”), the lenders party thereto, HSBC Bank USA, National Association and Wells Fargo Bank, National Association, as co-syndication agents, and Bank of America, N.A., Deutsche Bank Securities, Inc., and JPMorgan Chase Bank, N.A., as co-documentation agents, maturing in May 2024 (the “2028 Revolving Credit Facility”), to (i) extend the maturity to May 8, 2028 and (ii) to replace the London Interbank Offered Rate (“LIBOR”) with a term secured overnight financing rate plus a 0.10% credit spread adjustment (“Adjusted Term SOFR”).
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