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Get filing alertsFive Below extends credit maturity to 2031 and doubles revolving facility to $450M
Filed October 14, 2026 · Period ending October 14, 2026 · ~1 min read
Key Changes
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medium
Extended credit agreement maturity from September 16, 2027 to October 14, 2031.
Item 1.01 verify on EDGAR → -
medium
Increased senior secured asset-based revolving credit facility from $225M to $450M.
Item 1.01 verify on EDGAR → -
low
Increased letter of credit subline from $20M to $50M.
Item 1.01 verify on EDGAR → -
low
Filed under Item 2.03 as a direct financial obligation, incorporating Item 1.01 terms by reference.
Item 2.03 verify on EDGAR →
Summary
Five Below amended its existing credit agreement, extending the maturity date by roughly four years to October 14, 2031, and doubling its revolving credit facility from $225 million to $450 million. The letter of credit subline was also increased from $20 million to $50 million. The company filed the arrangement under Item 2.03 as a direct financial obligation, referencing the Item 1.01 terms.
The amendment provides longer-term financing certainty and significantly more borrowing capacity under the asset-based lending arrangement. No red flags were identified in the filing.
Section-by-Section Diff
Event · Item 2.03 — Creation of a Direct Financial Obligation
Item 2.03 — Creation of a Direct Financial Obligation filed; see Key Changes for terms.
Added in current filing · verify on EDGAR →
Item 2.03 Creation of a Direct Financial Obligation or an Obligation Under an Off-Balance Sheet Arrangement of a Registrant.
The disclosure set forth above under Item 1.01 is hereby incorporated by reference into this Item 2.03.
The company also filed this under Item 2.03, which means it is reporting the arrangement as a direct financial obligation. The Item 2.03 text refers back to the Item 1.01 entry for the terms rather than restating them.
Event · Item 1.01 — Entry into a Material Definitive Agreement
Five Below amended its credit agreement, extending maturity to 2031 and doubling its revolving credit facility to $450M.
Added in current filing · verify on EDGAR →
the Maturity Date of the Credit Agreement was extended from September 16, 2027 to October 14, 2031
The company extended the maturity date of its existing credit agreement by roughly four years, from September 16, 2027 to October 14, 2031. This provides longer-term financing certainty.
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Figures/quotes linked to EDGAR · Narrative written by AI · Oct 15, 2026 · How we verify