{"schema_version":"secwatch.filing_event.v1","accession":"0000764478-23-000012","form_type":"8-K","ticker":"BBY","cik":"0000764478","company_name":"BEST BUY CO INC","filed_at":"2023-04-13T23:59:59+00:00","discovered_at":"2026-05-14T18:03:42.187853+00:00","generated_at":"2026-06-17T02:50:20.884200+00:00","sec_items":["1.01","1.02","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.35,"calibrated_materiality_score":0.35,"confidence":"high","headline":"Best Buy enters into $1.25B five-year revolving credit facility replacing existing facility","bullets":["New $1.25B committed unsecured revolving facility matures April 2028; replaces the $1.25B facility set to expire May 2026.","Previous credit facility terminated on April 12, 2023; no amounts outstanding under the new facility.","Pricing based on Term SOFR plus margin ranging from 0.680% to 1.100% depending on credit ratings.","Facility fee ranges from 0.070% to 0.150% per annum based on debt ratings; covenants include maximum cash flow leverage ratio.","JPMorgan serves as administrative agent; same syndicate of banks with substantially similar terms."],"urls":{"canonical":"https://secwatch.observer/filing/0000764478-23-000012","json":"https://secwatch.observer/filing/0000764478-23-000012.json","markdown":"https://secwatch.observer/filing/0000764478-23-000012.md","text":"https://secwatch.observer/filing/0000764478-23-000012.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/764478/000076447823000012/0000764478-23-000012-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/764478/000076447823000012/bby-20230412x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-17T02:50:20.884200+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"14f178e387a25df31a337242eb7d5dd514e4b49f","claim":"BEST BUY CO INC terminated $1.25 billion senior unsecured revolving credit facility dated as of May 18, 2021 with JPMorgan Chase Bank, N.A. valued at $1,250,000,000 (effective 2023-04-12).","evidence_excerpt":"(“Best Buy” or the “registrant”) entered into a new $1.25 billion five-year senior unsecured revolving credit facility agreement (the “Five-Year Facility Agreement”) with JPMorgan Chase Bank, N.A. (“ JPMorgan”), as administrative agent, and a syndicate of banks (collectively, the “ Lenders” ).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/764478/000076447823000012/0000764478-23-000012-index.htm","confidence":0.98,"family_label":"Material Agreements","details":[{"label":"Action","value":"termination"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A."},{"label":"Value","value":"$1,250,000,000"},{"label":"Effective","value":"2023-04-12"}],"fact_type":"material_agreement"},{"claim_id":"54b9aae60ddcc813d0a35d7eae3d5e3ae9256df3","claim":"BEST BUY CO INC entered into $1.25 billion five-year senior unsecured revolving credit facility agreement with JPMorgan Chase Bank, N.A. valued at $1,250,000,000 (effective 2023-04-12).","evidence_excerpt":"On April 12, 2023, Best Buy Co., Inc. (“Best Buy” or the “registrant”) entered into a new $1.25 billion five-year senior unsecured revolving credit facility agreement (the “Five-Year Facility Agreement”) with JPMorgan Chase Bank, N.A. (“ JPMorgan”), as administrative agent, and a syndicate of banks (collectively, the “ Lenders” ).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/764478/000076447823000012/0000764478-23-000012-index.htm","confidence":0.98,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A."},{"label":"Value","value":"$1,250,000,000"},{"label":"Effective","value":"2023-04-12"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}