---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-26-048865"
form_type: "8-K"
ticker: "GAP"
cik: "0000039911"
company_name: "GAP INC"
filed_at: "2026-07-20T21:58:47+00:00"
generated_at: "2026-07-21T10:05:51.963474+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Gap extends ABL credit facility maturity to 2031, maintains $2.2B capacity

## Summary
- Maturity extended from July 2027 to July 2031; sustainability pricing adjustments removed.
- Maximum availability unchanged at $2.2B; sublimits: $300M letters of credit, $200M swingline, $200M Canadian borrowings.
- Interest rate: SOFR + 125-150 bps (U.S. dollar loans) or base rate + 25-50 bps; undrawn fee 25 bps.
- Proceeds for working capital, capex, and general corporate purposes; guarantees and collateral unchanged.
- Springing fixed charge coverage ratio covenant when availability falls below threshold.

## SEC filing metadata
- accession: 0001628280-26-048865
- form_type: 8-K
- ticker: GAP
- cik: 0000039911
- company_name: GAP INC
- filed_at: 2026-07-20T21:58:47+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/39911/000162828026048865/0001628280-26-048865-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/39911/000162828026048865/gap-20260717.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-26-048865
- JSON: https://secwatch.observer/filing/0001628280-26-048865.json
- Plain text: https://secwatch.observer/filing/0001628280-26-048865.txt

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