Five Below extends credit facility maturity to 2027, transitions from LIBOR to SOFR

FIVE BELOW, INC

Credit agreement maturity extended from April 24, 2023 to September 16, 2027.
Benchmark transitions from LIBOR to Term SOFR plus a SOFR adjustment of 0.10%.
SOFR loan margins set at 1.12% to 1.50%; base rate margins at 0.125% to 0.50%.
Letter of credit fees range from 1.125% to 1.50%, tied to average availability.
Aggregate commitments remain unchanged at $225 million.

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