---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-024754"
form_type: "8-K"
ticker: "GO"
cik: "0001771515"
company_name: "Grocery Outlet Holding Corp."
filed_at: "2023-02-23T23:59:59+00:00"
generated_at: "2026-06-19T03:07:58.661368+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Grocery Outlet enters $700M senior secured credit facilities, repays prior debt

## Summary
- New credit agreement provides $300M term loan and $400M revolving credit facility, both maturing February 21, 2028.
- At closing, the term loan was fully borrowed and $25M of the revolver was drawn; prior 2018 credit agreement repaid and terminated.
- Interest at base rate or Term SOFR plus margin; financial covenants include max total net leverage and min interest coverage.

## SEC filing metadata
- accession: 0001104659-23-024754
- form_type: 8-K
- ticker: GO
- cik: 0001771515
- company_name: Grocery Outlet Holding Corp.
- filed_at: 2023-02-23T23:59:59+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, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1771515/000110465923024754/0001104659-23-024754-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1771515/000110465923024754/tm236824d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-024754
- JSON: https://secwatch.observer/filing/0001104659-23-024754.json
- Plain text: https://secwatch.observer/filing/0001104659-23-024754.txt

## Key facts
- Debt Financings
  Grocery Outlet Holding Corp. incurred revolving credit of $400.0 million with Bank of America, N.A. (as administrative agent) maturing February 21, 2028.
  - Instrument: revolving credit
  - Principal: $400.0 million
  - Counterparty: Bank of America, N.A. (as administrative agent)
  - Maturity: February 21, 2028
  - Event: incurrence
  source text: (ii) a senior secured revolving credit facility (the “revolving credit facility” and, together with the term loan facility, the “credit facilities”) in an aggregate principal amount of $400.0 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1771515/000110465923024754/0001104659-23-024754-index.htm
- Debt Financings
  Grocery Outlet Holding Corp. incurred term loan of $300.0 million with Bank of America, N.A. (as administrative agent) maturing February 21, 2028.
  - Instrument: term loan
  - Principal: $300.0 million
  - Counterparty: Bank of America, N.A. (as administrative agent)
  - Maturity: February 21, 2028
  - Event: incurrence
  source text: The Credit Agreement provides for senior secured credit facilities consisting of (i) a senior secured term loan facility (the “term loan facility”) in an aggregate principal amount of $300.0 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1771515/000110465923024754/0001104659-23-024754-index.htm
- Material Agreements
  Grocery Outlet Holding Corp. entered into Credit Agreement with Bank of America, N.A., as administrative agent and collateral agent, Bank of America, N.A., JPMorgan Chase Bank, N.A. and Wells Fargo Securities, LLC, as joint lead arrangers and joint bookrunners, and the other parties party thereto valued at $300.0 million term loan facility and $400.0 million revolving credit facility (effective 2023-02-21).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Bank of America, N.A., as administrative agent and collateral agent, Bank of America, N.A., JPMorgan Chase Bank, N.A. and Wells Fargo Securities, LLC, as joint lead arrangers and joint bookrunners, and the other parties party thereto
  - Value: $300.0 million term loan facility and $400.0 million revolving credit facility
  - Effective: 2023-02-21
  source text: On February 21, 2023, Grocery Outlet Holding Corp. (the “Borrower” or the “Company”), entered into a credit agreement with Bank of America, N.A., as administrative agent and collateral agent, Bank of America, N.A., JPMorgan Chase Bank, N.A. and Wells Fargo Securities, LLC, as joint lead arrangers and joint bookrunners, and the other parties party thereto (the “Credit Agreement”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1771515/000110465923024754/0001104659-23-024754-index.htm

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