---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-071385"
form_type: "8-K"
ticker: "CHWY"
cik: "0001766502"
company_name: "Chewy, Inc."
filed_at: "2025-04-02T23:59:59+00:00"
generated_at: "2026-05-23T23:52:34.730217+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Chewy amends ABL credit facility: maturity to 2030, removes 10bps SOFR spread

## Summary
- Maturity date extended to April 1, 2030 under Amendment No. 3.
- 10 bps credit spread adjustment on SOFR borrowings eliminated.
- Increased flexibility in negative/affirmative covenants and event-of-default thresholds.
- Total revolving commitments remain at $800 million; Wells Fargo lead with $225M.
- Capacity for incremental revolving commitments increased.

## SEC filing metadata
- accession: 0001193125-25-071385
- form_type: 8-K
- ticker: CHWY
- cik: 0001766502
- company_name: Chewy, Inc.
- filed_at: 2025-04-02T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1766502/000119312525071385/0001193125-25-071385-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1766502/000119312525071385/d932555d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-071385
- JSON: https://secwatch.observer/filing/0001193125-25-071385.json
- Plain text: https://secwatch.observer/filing/0001193125-25-071385.txt

## Key facts
- Debt Financings
  Chewy, Inc. amended credit facility with Wells Fargo Bank, National Association, as administrative agent, and JPMorgan Chase Bank, N.A., as syndication agent at removal of the 10 basis points credit spread adjustment applicable to SOFR borro maturing April 1, 2030.
  - Instrument: credit facility
  - Counterparty: Wells Fargo Bank, National Association, as administrative agent, and JPMorgan Chase Bank, N.A., as syndication agent
  - Rate: removal of the 10 basis points credit spread adjustment applicable to SOFR borro
  - Maturity: April 1, 2030
  - Event: amendment
  source text: the Amendment provides for, among other things, (i) an extension of the maturity date applicable to the Credit Agreement to April 1, 2030, (ii) removal of the 10 basis points credit spread adjustment applicable to SOFR borrowings under the Credit Agreement
  evidence_url: https://www.sec.gov/Archives/edgar/data/1766502/000119312525071385/0001193125-25-071385-index.htm

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