---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-013158"
form_type: "8-K"
ticker: "LOW"
cik: "0000060667"
company_name: "LOWES COMPANIES INC"
filed_at: "2023-01-23T23:59:59+00:00"
generated_at: "2026-06-20T12:04:13.730072+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.25
calibrated_materiality_score: 0.25
confidence: "high"
source: SEC EDGAR
---

# Lowe's amends credit agreements to replace LIBOR with SOFR and modifies asset disposition covenant

## Summary
- Entered Amendment No. 1 to 2021 Credit Agreement and Amendment No. 2 to 2020 Credit Agreement on Jan 17, 2023.
- Replaced LIBOR-based Eurocurrency rate with Term SOFR as reference interest rate option.
- Amended negative covenant on asset dispositions to only prohibit dispositions of all or substantially all assets.
- Waived certain defaults related to subsidiary non-compliance with Section 7.04 of existing credit agreement.
- No changes to commitment amounts or maturity dates of the revolving credit facilities.

## SEC filing metadata
- accession: 0001193125-23-013158
- form_type: 8-K
- ticker: LOW
- cik: 0000060667
- company_name: LOWES COMPANIES INC
- filed_at: 2023-01-23T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.25
- calibrated_materiality_score: 0.25
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/60667/000119312523013158/0001193125-23-013158-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/60667/000119312523013158/d455290d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-013158
- JSON: https://secwatch.observer/filing/0001193125-23-013158.json
- Plain text: https://secwatch.observer/filing/0001193125-23-013158.txt

## Key facts
- Material Agreements
  LOWES COMPANIES INC amended Amendment No. 2 to Credit Agreement with Bank of America, N.A., as administrative agent, swing line lender and a letter of credit issuer, and the other lenders party thereto (effective 2023-01-17).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Bank of America, N.A., as administrative agent, swing line lender and a letter of credit issuer, and the other lenders party thereto
  - Effective: 2023-01-17
  source text: Also on January 17, 2023, the Company entered into Amendment No. 2 to Credit Agreement (“Amendment No. 2” and, together with Amendment No. 1, the “Amendments”) with Bank of America, N.A., as administrative agent, swing line lender and a letter of credit issuer, and the other lenders party thereto.
  evidence_url: https://www.sec.gov/Archives/edgar/data/60667/000119312523013158/0001193125-23-013158-index.htm
- Material Agreements
  LOWES COMPANIES INC amended Amendment No. 1 to Third Amended and Restated Credit Agreement with Bank of America, N.A., as administrative agent, swing line lender and a letter of credit issuer, and the other lenders party thereto (effective 2023-01-17).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Bank of America, N.A., as administrative agent, swing line lender and a letter of credit issuer, and the other lenders party thereto
  - Effective: 2023-01-17
  source text: On January 17, 2023, Lowe’s Companies, Inc. (the “Company”) entered into Amendment No. 1 to Third Amended and Restated Credit Agreement (“Amendment No. 1”) with Bank of America, N.A., as administrative agent, swing line lender and a letter of credit issuer, and the other lenders party thereto.
  evidence_url: https://www.sec.gov/Archives/edgar/data/60667/000119312523013158/0001193125-23-013158-index.htm

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