secwatch.observer — SEC 8-K summary
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Issuer:     FIVE BELOW, INC (FIVE)
CIK:        0001177609
Form:       8-K
Filed at:   2022-09-16T23:59:59+00:00
Accession:  0001193125-22-246449
Event type: debt
Sentiment:  neutral
Materiality: 0.45
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1177609/000119312522246449/0001193125-22-246449-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1177609/000119312522246449/d364944d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-246449

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer