M
ME NEWS
03 Apr 2025, 12:39
Chewy Amends Credit Agreement, Extends Maturity to 2030
Plantation, FL – April 1, 2025 – Chewy, Inc. (NYSE: CHWY) announced it has entered into Amendment No. 3 to its Asset-Based Lending (ABL) Credit Agreement, originally dated June 18, 2019.
Key changes include:
Extension of the maturity date to April 1, 2030
Removal of the 10 basis point SOFR credit spread adjustment
Enhanced flexibility in financial covenants and reporting
Increased thresholds for default events
Greater capacity for additional revolving commitments
The amended agreement involves Wells Fargo as administrative agent and JPMorgan Chase as syndication agent. The update was disclosed under Items 1.01 and 2.03 in a Form 8-K filed with the SEC.
Plantation, FL – April 1, 2025 – Chewy, Inc. (NYSE: CHWY) announced it has entered into Amendment No. 3 to its Asset-Based Lending (ABL) Credit Agreement, originally dated June 18, 2019.
Key changes include:
Extension of the maturity date to April 1, 2030
Removal of the 10 basis point SOFR credit spread adjustment
Enhanced flexibility in financial covenants and reporting
Increased thresholds for default events
Greater capacity for additional revolving commitments
The amended agreement involves Wells Fargo as administrative agent and JPMorgan Chase as syndication agent. The update was disclosed under Items 1.01 and 2.03 in a Form 8-K filed with the SEC.
