Tractor Supply enters amended $1.30 billion unsecured revolving credit facility
Tractor Supply entered into an amended and restated credit agreement on May 19, 2026, with Wells Fargo Bank as administrative agent, refinancing outstanding borrowings under its existing senior credit facility. The new facility is a five-year, unsecured revolver of up to $1.30 billion with an option to add up to $500.0 million more, which gives the company an updated borrowing arrangement with stated pricing, a leverage covenant and customary default terms.
Key points
- Revolving credit facility of up to $1.30 billion, with a $75.0 million swingline sublimit and a $150.0 million letter of credit sublimit
- Five-year term with two one-year extension options requested from lenders; option to add up to $500.0 million in revolver increases or term loans
- Initial Term SOFR margin of 1.000%, with a leverage ratio covenant of not greater than 4.00 to 1.00
- Agreement dated May 19, 2026, filed as Exhibit 10.1
The filing
Written by AI on Nov 8, 2026, 12:42 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 May 21, 2026.
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