{"schema_version":"secwatch.filing_event.v1","accession":"0000764478-25-000011","form_type":"8-K","ticker":"BBY","cik":"0000764478","company_name":"BEST BUY CO INC","filed_at":"2025-04-23T23:59:59+00:00","discovered_at":"2026-05-14T18:02:51.210201+00:00","generated_at":"2026-05-23T08:36:55.279906+00:00","sec_items":["1.01","1.02","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Best Buy enters $1.25B five-year credit facility, replaces prior April 2028 facility","bullets":["New $1.25 billion unsecured revolving credit facility matures April 2030; replaces previous facility of same size that was terminated.","No amounts outstanding under new facility; interest rates based on SOFR plus margin (0.565%-1.015%) or ABR, with facility fee (0.060%-0.110%).","Covenant requires maintaining maximum quarterly cash flow leverage ratio; contains usual affirmative/negative covenants and default provisions.","Facility is guaranteed by certain subsidiaries; previous facility with JPMorgan as admin agent replaced; U.S. Bank is new admin agent."],"urls":{"canonical":"https://secwatch.observer/filing/0000764478-25-000011","json":"https://secwatch.observer/filing/0000764478-25-000011.json","markdown":"https://secwatch.observer/filing/0000764478-25-000011.md","text":"https://secwatch.observer/filing/0000764478-25-000011.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/764478/000076447825000011/0000764478-25-000011-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/764478/000076447825000011/bby-20250418x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-23T08:36:55.279906+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":"60216d89ccf6e8430f776175ed341a1739b07472","claim":"BEST BUY CO INC incurred revolving credit of $1.25 billion with U.S. Bank National Association, as administrative agent, Bank of America, N.A., as syndication agent, and a syndicate of banks at variable based on prime rate, federal funds effective rate, overnight bank fundi maturing April 2030.","evidence_excerpt":"On April 18, 2025, 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 U.S. Bank National Association (\"U.S. Bank\"), as administrative agent, Bank of America, N.A., as syndication agent, and a syndicate of banks (collectively, the \"Lenders\").","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/764478/000076447825000011/0000764478-25-000011-index.htm","confidence":1.0,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$1.25 billion"},{"label":"Counterparty","value":"U.S. Bank National Association, as administrative agent, Bank of America, N.A., as syndication agent, and a syndicate of banks"},{"label":"Rate","value":"variable based on prime rate, federal funds effective rate, overnight bank fundi"},{"label":"Maturity","value":"April 2030"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}