---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-230647"
form_type: "8-K"
ticker: "LOW"
cik: "0000060667"
company_name: "LOWES COMPANIES INC"
filed_at: "2023-09-07T23:59:59+00:00"
generated_at: "2026-06-10T23:04:45.353530+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Lowe's enters $2B unsecured revolving credit facility due 2028

## Summary
- $2B unsecured revolver maturing Sep 1, 2028; can be increased by $500M with lender consent.
- Current applicable margin: 0.910% for Term SOFR loans, 0.090% facility fee on total commitments.
- No outstanding borrowings as of closing date; leverage covenant limits ratio to 4.00x EBITDAR.
- Borrowings available in USD, EUR, GBP, CAD and other approved currencies.

## SEC filing metadata
- accession: 0001193125-23-230647
- form_type: 8-K
- ticker: LOW
- cik: 0000060667
- company_name: LOWES COMPANIES INC
- filed_at: 2023-09-07T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/60667/000119312523230647/0001193125-23-230647-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/60667/000119312523230647/d503024d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-230647
- JSON: https://secwatch.observer/filing/0001193125-23-230647.json
- Plain text: https://secwatch.observer/filing/0001193125-23-230647.txt

## Key facts
- Debt Financings
  LOWES COMPANIES INC amended revolving credit of $2 billion with Bank of America, N.A. at Base Rate or Term SOFR plus an applicable margin (0.000% - 0.100% for Base Rate maturing September 1, 2028.
  - Instrument: revolving credit
  - Principal: $2 billion
  - Counterparty: Bank of America, N.A.
  - Rate: Base Rate or Term SOFR plus an applicable margin (0.000% - 0.100% for Base Rate
  - Maturity: September 1, 2028
  - Event: amendment
  source text: to provide for a $2 billion unsecured revolving credit agreement (as amended and restated, the “2023 Credit Agreement”), maturing on September 1, 2028.
  evidence_url: https://www.sec.gov/Archives/edgar/data/60667/000119312523230647/0001193125-23-230647-index.htm
- Material Agreements
  LOWES COMPANIES INC entered into Amended and Restated Credit Agreement with Bank of America, N.A., as administrative agent, swing line lender and a letter of credit issuer, U.S. Bank National Association and Wells Fargo Bank, National Association, as co-syndication agents and letter of credit issuers, Citibank, N.A., Goldman Sachs Bank USA, JPMorgan Chase Bank, N.A. and Bar valued at $2 billion (effective 2023-09-01).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Bank of America, N.A., as administrative agent, swing line lender and a letter of credit issuer, U.S. Bank National Association and Wells Fargo Bank, National Association, as co-syndication agents and letter of credit issuers, Citibank, N.A., Goldman Sachs Bank USA, JPMorgan Chase Bank, N.A. and Bar
  - Value: $2 billion
  - Effective: 2023-09-01
  source text: On September 1, 2023, Lowe’s Companies, Inc. (the “Company”) entered into an Amended and Restated Credit Agreement (the “Amended and Restated Credit Agreement”) with Bank of America, N.A., as administrative agent, swing line lender and a letter of credit issuer, U.S. Bank National Association and Wells Fargo Bank, National Association, as co-syndication agents and letter of credit issuers, Citibank, N.A., Goldman Sachs Bank USA, JPMorgan Chase Bank, N.A. and Barclays Bank PLC, as co-documentation agents, and the other lenders party thereto, which Amended and Restated Credit Agreement amends and restates that certain Credit Agreement, dated as of March 23, 2020, by and among the Company, Bank of America, N.A., as administrative agent, swing line lender and a letter of credit issuer, U.S. Bank National Association, as syndication agent and a letter of credit issuer, Citibank, N.A., Goldman Sachs Bank USA, JPMorgan Chase Bank, N.A. and Wells Fargo Bank, National Association, as co-documen
  evidence_url: https://www.sec.gov/Archives/edgar/data/60667/000119312523230647/0001193125-23-230647-index.htm

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