Kohl's Extends $ Revolving Credit Facility to June 30, 2031 With Amended Pricing
Kohl's amended its revolving credit facility with Wells Fargo Bank as agent on June 30, 2026, extending the maturity by five years to June 30, 2031. The amendment also changes borrowing costs and borrowing base terms, including a new in-transit inventory basket capped at 15% of the borrowing base.
Key points
- Maturity extended five years from the effective date of the amendment to June 30, 2031
- Applicable Margin now ranges from 0.25% to 0.50% for Base Rate Loans and 1.25% to 1.50% for SOFR Loans, using a single 50% availability breakpoint
- Removed the prior 0.10% credit spread adjustment from Term SOFR; in-transit inventory may count up to 15% of the borrowing base
The filing
Written by AI on Nov 8, 2026, 1:49 AM ET, from this filing 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 01, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.