---
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"
generated_at: "2026-05-18T01:08:39.748769+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Sprouts Farmers Market enters $600M revolver, replaces $700M facility

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001575515-25-000216
- JSON: https://secwatch.observer/filing/0001575515-25-000216.json
- Plain text: https://secwatch.observer/filing/0001575515-25-000216.txt

## Key facts
- Debt Financings
  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.
  - Instrument: revolving credit
  - Principal: $600 million
  - Counterparty: JPMorgan Chase Bank, N.A., as administrative agent, an issuing bank and swingline lender
  - Rate: Term SOFR (with a floor of 0.00%) plus 1.00% per annum or alternate base rate (w
  - Maturity: July 25, 2030
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1575515/000157551525000216/0001575515-25-000216-index.htm

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