---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-010989"
form_type: "8-K"
ticker: "KSS"
cik: "0000885639"
company_name: "KOHLS Corp"
filed_at: "2023-01-19T23:59:59+00:00"
generated_at: "2026-06-20T13:42:23.934705+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Kohl's enters $1.5B senior secured ABL credit facility with Wells Fargo, matures Jan 2028

## Summary
- New $1.5B asset-based revolving credit facility; prior $1.5B facility dated Oct 2021 terminated.
- Facility matures Jan 19, 2028; interest at Base Rate or Adjusted Term SOFR plus Applicable Margin.
- Collateralized by substantially all assets except real estate; springing fixed charge coverage ratio covenant.
- Commitment fees range 0.250%-0.375% based on average daily availability; up to $1.5B accordion feature.

## SEC filing metadata
- accession: 0001193125-23-010989
- form_type: 8-K
- ticker: KSS
- cik: 0000885639
- company_name: KOHLS Corp
- filed_at: 2023-01-19T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 1.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/885639/000119312523010989/0001193125-23-010989-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/885639/000119312523010989/d428855d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-010989
- JSON: https://secwatch.observer/filing/0001193125-23-010989.json
- Plain text: https://secwatch.observer/filing/0001193125-23-010989.txt

## Key facts
- Material Agreements
  KOHLS Corp terminated Credit Agreement dated as of October 22, 2021 valued at terminated (effective 2023-01-19).
  - Action: termination
  - Agreement: credit facility
  - Value: terminated
  - Effective: 2023-01-19
  source text: In connection with the Company’s entry into the Credit Agreement, the Company’s Credit Agreement dated as of October 22, 2021 was terminated as of January 19, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/885639/000119312523010989/0001193125-23-010989-index.htm
- Material Agreements
  KOHLS Corp entered into Credit Agreement with Wells Fargo Bank, National Association valued at $1,500,000,000 senior secured, asset based revolving credit facility (effective 2023-01-19).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Wells Fargo Bank, National Association
  - Value: $1,500,000,000 senior secured, asset based revolving credit facility
  - Effective: 2023-01-19
  source text: On January 19, 2023, Kohl’s Corporation (the “Company”) entered into a Credit Agreement, by and among the Company and its subsidiaries, and Wells Fargo Bank, National Association, as agent (the “Agent”), and the other lenders party thereto (the “Credit Agreement”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/885639/000119312523010989/0001193125-23-010989-index.htm

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