---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-246449"
form_type: "8-K"
ticker: "FIVE"
cik: "0001177609"
company_name: "FIVE BELOW, INC"
filed_at: "2022-09-16T23:59:59+00:00"
generated_at: "2026-06-23T09:01:38.874556+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-22-246449
- form_type: 8-K
- ticker: FIVE
- cik: 0001177609
- company_name: FIVE BELOW, INC
- filed_at: 2022-09-16T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1177609/000119312522246449/0001193125-22-246449-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1177609/000119312522246449/d364944d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-246449
- JSON: https://secwatch.observer/filing/0001193125-22-246449.json
- Plain text: https://secwatch.observer/filing/0001193125-22-246449.txt

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