secwatch.observer — SEC 8-K summary
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Issuer:     ROSS STORES, INC. (ROST)
CIK:        0000745732
Form:       8-K
Filed at:   2022-02-18T23:59:59+00:00
Accession:  0000745732-22-000007
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 1.02
LLM model:  deepseek-v4-flash:cloud@v2

Ross Stores enters $1.3B revolving credit facility, replacing $800M prior facility
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- New $1.3B senior unsecured revolving credit facility expires February 2027; replaces $800M facility.
- Includes $300M sublimit for standby letters of credit and option to increase size by up to $700M.
- Interest based on Term SOFR plus margin (0.675%-1.25%) or base rate plus margin (0%-0.25%).
- No borrowings outstanding on effective date; prior credit facility terminated.
- Financial covenant requires consolidated adjusted debt to EBITDAR ratio no less than 3.50:1.00 after Jan 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/745732/000074573222000007/0000745732-22-000007-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/745732/000074573222000007/rost-20220217.htm
  HTML page:      https://secwatch.observer/filing/0000745732-22-000007

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