secwatch.observer — SEC 8-K summary
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Issuer:     KOHLS Corp (KSS)
CIK:        0000885639
Form:       8-K
Filed at:   2023-01-19T23:59:59+00:00
Accession:  0001193125-23-010989
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 1.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/885639/000119312523010989/0001193125-23-010989-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/885639/000119312523010989/d428855d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-010989

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