{"schema_version":"secwatch.filing_event.v1","accession":"0001575515-25-000216","form_type":"8-K","ticker":"SFM","cik":"0001575515","company_name":"Sprouts Farmers Market, Inc.","filed_at":"2025-07-25T23:59:59+00:00","discovered_at":"2026-05-14T18:02:44.398751+00:00","generated_at":"2026-05-18T01:08:39.748769+00:00","sec_items":["1.01","1.02","2.03","7.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Sprouts Farmers Market enters $600M revolver, replaces $700M facility","bullets":["New $600M senior secured revolver, matures July 25, 2030; existing $700M facility terminated.","No loans outstanding at closing; proceeds for general corporate purposes.","Interest at SOFR+1.00% or base rate+0.00%; sustainability-linked adjustments up to 0.05%.","Covenants: max total net leverage 3.75x, min interest coverage 3.00x, tested quarterly."],"urls":{"canonical":"https://secwatch.observer/filing/0001575515-25-000216","json":"https://secwatch.observer/filing/0001575515-25-000216.json","markdown":"https://secwatch.observer/filing/0001575515-25-000216.md","text":"https://secwatch.observer/filing/0001575515-25-000216.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1575515/000157551525000216/0001575515-25-000216-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1575515/000157551525000216/sfm-20250725.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-18T01:08:39.748769+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"0a52c61343ca32fc0aa9fc726da0406f8d82e3f0","claim":"Sprouts Farmers Market, Inc. incurred revolving credit of $600 million with JPMorgan Chase Bank, N.A., as administrative agent, an issuing bank and swingline lender at Term SOFR (with a floor of 0.00%) plus 1.00% per annum or alternate base rate (w maturing July 25, 2030.","evidence_excerpt":"The Credit Agreement provides for a senior secured revolving credit facility (the “Revolving Credit Facility”) with an initial aggregate commitment of $600 million, which may be increased from time to time pursuant to the terms set forth in the Credit Agreement.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1575515/000157551525000216/0001575515-25-000216-index.htm","confidence":0.98,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$600 million"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A., as administrative agent, an issuing bank and swingline lender"},{"label":"Rate","value":"Term SOFR (with a floor of 0.00%) plus 1.00% per annum or alternate base rate (w"},{"label":"Maturity","value":"July 25, 2030"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}