---
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"
generated_at: "2026-06-17T02:50:20.884200+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# Best Buy enters into $1.25B five-year revolving credit facility replacing existing facility

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 1.01, 1.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000764478-23-000012
- JSON: https://secwatch.observer/filing/0000764478-23-000012.json
- Plain text: https://secwatch.observer/filing/0000764478-23-000012.txt

## Key facts
- Material Agreements
  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).
  - Action: termination
  - Agreement: credit facility
  - Counterparty: JPMorgan Chase Bank, N.A.
  - Value: $1,250,000,000
  - Effective: 2023-04-12
  source text: (“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_url: https://www.sec.gov/Archives/edgar/data/764478/000076447823000012/0000764478-23-000012-index.htm
- Material Agreements
  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).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: JPMorgan Chase Bank, N.A.
  - Value: $1,250,000,000
  - Effective: 2023-04-12
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/764478/000076447823000012/0000764478-23-000012-index.htm

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