Five Below doubles ABL revolver to $450M, extends maturity to October 2031

FIVE BELOW, INC

Commitment increase of $225M lifts the senior secured asset-based revolver from $225M to $450M; letter-of-credit subline raised from $20M to $50M.
Maturity extended from September 16, 2027 to October 14, 2031 via Third Amendment to the Fifth Amended and Restated Credit Agreement dated April 24, 2020.
Wells Fargo Bank, N.A. serves as agent, L/C issuer and swing line lender; lenders include PNC, Truist, Bank of America and U.S. Bank.
Effectiveness conditioned on a Borrowing Base Certificate showing Availability of at least $400M and no Material Adverse Effect since January 31, 2026.
Guarantor 1616 Holdings, Inc. reaffirmed its guaranty; existing collateral continues to secure all obligations, including the increase.

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