Gap Inc. amends $2.2 billion ABL credit facility, extends maturity to 2031
On July 17, 2026, Gap Inc. amended its asset-based revolving credit facility, keeping the maximum availability at $2.2 billion and extending the maturity from July 13, 2027 to July 2031. The amendment also removes sustainability-linked pricing adjustments, and the facility's core terms, covenants and collateral remain largely unchanged.
Key points
- Facility size stays at $2.2 billion, with a $300 million letter of credit sublimit and a $200 million swingline sublimit
- Maturity extended from July 13, 2027 to July [ ], 2031; the exact day is left blank in the filing
- Loans bear interest at SOFR plus 125-150 basis points, depending on borrowing base availability
- Obligations remain secured by a first lien on inventory, certain receivables and related assets
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 12:57 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 20, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.