Ross Stores Enters New $1.3 Billion Revolving Credit Facility, Replacing Prior Facility
Ross Stores entered a new $1.3 billion senior unsecured revolving credit agreement dated June 27, 2025, which replaces its prior $1.3 billion facility from February 2022. The company states the commercial terms and borrowing capacity are substantially unchanged, and no borrowings were outstanding under either facility on the effective date, so the change is administrative and does not add debt.
Key points
- New facility expires in June 2030, with up to two one-year extensions subject to lender consent
- Pricing: Term SOFR loans at a margin of 0.675% to 1.25%; commitment fee of 0.05% to 0.125% on unused amounts
- Facility includes a $300 million letter of credit sublimit and an option to increase size by up to $700 million
- Prior $1.3 billion facility terminated on June 27, 2025 because it was replaced; no borrowings outstanding under either
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:21 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 June 30, 2025.
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.