---
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"
generated_at: "2026-05-23T08:36:55.279906+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Best Buy enters $1.25B five-year credit facility, replaces prior April 2028 facility

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000764478-25-000011
- JSON: https://secwatch.observer/filing/0000764478-25-000011.json
- Plain text: https://secwatch.observer/filing/0000764478-25-000011.txt

## Key facts
- Debt Financings
  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.
  - Instrument: revolving credit
  - Principal: $1.25 billion
  - Counterparty: U.S. Bank National Association, as administrative agent, Bank of America, N.A., as syndication agent, and a syndicate of banks
  - Rate: variable based on prime rate, federal funds effective rate, overnight bank fundi
  - Maturity: April 2030
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/764478/000076447825000011/0000764478-25-000011-index.htm

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