secwatch.observer — SEC 8-K summary
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Issuer:     FIVE BELOW, INC (FIVE)
CIK:        0001177609
Form:       8-K
Filed at:   2026-10-14T20:48:25+00:00
Accession:  0001177609-26-000072
Event type: debt
Sentiment:  positive
Materiality: 0.45
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1177609/000117760926000072/0001177609-26-000072-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1177609/000117760926000072/five-20261014.htm
  HTML page:      https://secwatch.observer/filing/0001177609-26-000072

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