Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Victoria's Secret & Co. amended revolving credit with JPMorgan Chase Bank, N.A., as Administrative Agent and Collateral Agent and the lenders party thereto at in the case of loans bearing interest based on term SOFR or term CORRA, to 1.50% maturing the earlier of (a) five years after the closing date of the Amendment and (b) the date that is 91 days prior to the scheduled maturity date of certain outstandi.
- Instrument
- revolving credit
- Counterparty
- JPMorgan Chase Bank, N.A., as Administrative Agent and Collateral Agent and the lenders party thereto
- Rate
- in the case of loans bearing interest based on term SOFR or term CORRA, to 1.50%
- Maturity
- the earlier of (a) five years after the closing date of the Amendment and (b) the date that is 91 days prior to the scheduled maturity date of certain outstandi
- Event
- amendment
Exact text from the filing
On May 21, 2025, Victoria’s Secret & Co. (the “Company”) entered into that certain Amendment No. 2 (the “Amendment”) by and among the Company, JPMorgan Chase Bank, N.A., as Administrative Agent and Collateral Agent (collectively the “Agent”) and the lenders party thereto, which amends that certain Revolving Credit Agreement dated as of August 2, 2021 by and among the Company, the Agent and the lenders party thereto (as amended, the “Credit Agreement”), which Credit Agreement provides for a senior secured asset-based revolving credit facility (the “ABL Facility”). The Amendment, among other things, (1) extends the maturity date of the Credit Agreement to the earlier of (a) five years after the closing date of the Amendment and (b) the date that is 91 days prior to the scheduled maturity date of certain outstanding material indebtedness with a principal balance exceeding $50 million to the extent that certain availability and financial covenant thresholds are not met on such date, (2) pr
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