Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Chewy, Inc. amended credit facility of $800 million with Wells Fargo Bank, National Association, as administrative agent; JPMorgan Chase Bank, N.A., as syndication agent; Citibank, N.A. as Lead Arranger and Joint Bookrunner at Term SOFR.
- Instrument
- credit facility
- Principal
- $800 million
- Counterparty
- Wells Fargo Bank, National Association, as administrative agent; JPMorgan Chase Bank, N.A., as syndication agent; Citibank, N.A. as Lead Arranger and Joint Bookrunner
- Rate
- Term SOFR
- Event
- amendment
Exact text from the filing
The Amendment provides for, among other things, (i) an additional $300 million of commitments, such that following such increase, the aggregate principal amount of commitments were equal to a total of $800 million, (ii) the addition of Citibank, N.A. as a Lead Arranger and Joint Bookrunner (each as defined therein), and (iii) the transition of the Benchmark (as defined therein) from the “LIBO Rate” to “Term SOFR”.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Chewy, Inc. amended Amendment No. 2 with the Lenders, Wells Fargo Bank, National Association, as administrative agent, and JPMorgan Chase Bank, N.A., as syndication agent valued at $300 million (effective 2023-01-26).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- the Lenders, Wells Fargo Bank, National Association, as administrative agent, and JPMorgan Chase Bank, N.A., as syndication agent
- Value
- $300 million
- Effective
- 2023-01-26
Exact text from the filing
On January 26, 2023, Chewy, Inc. (the “Company”) entered into Amendment No. 2 (the "Amendment") to the ABL Credit Agreement, dated as of June 18, 2019 (as amended on August 27, 2021 and otherwise as further amended, restated, amended and restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), by and among the Company, the Lenders (as defined therein) from time to time party hereto, Wells Fargo Bank, National Association, as administrative agent, and JPMorgan Chase Bank, N.A., as syndication agent. The Amendment provides for, among other things, (i) an additional $300 million of commitments, such that following such increase, the aggregate principal amount of commitments were equal to a total of $800 million,
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