---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-23-003829"
form_type: "8-K"
ticker: "CHWY"
cik: "0001766502"
company_name: "Chewy, Inc."
filed_at: "2023-02-01T23:59:59+00:00"
generated_at: "2026-06-20T03:59:37.827360+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Chewy expands ABL revolver by $300M to $800M; transitions from LIBOR to SOFR

## Summary
- Amendment No. 2 increases ABL commitments by $300M, aggregate now $800M.
- Citibank, N.A. added as Lead Arranger and Joint Bookrunner.
- Benchmark transitions from LIBO Rate to Term SOFR effective Jan 26, 2023.
- Wells Fargo remains Administrative Agent; JPMorgan Chase as Syndication Agent.
- All existing guarantees and security interests reaffirmed unchanged.

## SEC filing metadata
- accession: 0001140361-23-003829
- form_type: 8-K
- ticker: CHWY
- cik: 0001766502
- company_name: Chewy, Inc.
- filed_at: 2023-02-01T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1766502/000114036123003829/0001140361-23-003829-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1766502/000114036123003829/brhc10047268_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-23-003829
- JSON: https://secwatch.observer/filing/0001140361-23-003829.json
- Plain text: https://secwatch.observer/filing/0001140361-23-003829.txt

## Key facts
- Debt Financings
  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
  source text: 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”.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1766502/000114036123003829/0001140361-23-003829-index.htm
- Material Agreements
  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
  source text: 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,
  evidence_url: https://www.sec.gov/Archives/edgar/data/1766502/000114036123003829/0001140361-23-003829-index.htm

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