Kohl's amends credit facility: maturity extended to 2031, pricing grid revised, in-transit inventory basket added

KOHLS Corp

Maturity extended by 5 years to June 30, 2031.
Applicable Margin now 0.25%-0.50% (Base Rate) and 1.25%-1.50% (SOFR) with single 50% availability breakpoint.
In-transit inventory eligible up to 15% of borrowing base; 0.10% credit spread adjustment removed.
Availability definition revised to reduce by Debt Maturity Reserve; conditions include minimum $1.3B availability.
Non-consenting lenders replaced; commitments reallocated among continuing and replacement lenders.

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