Financing ·
The Gap, Inc. entered into Amendment No. 2 to its Fourth Amended and Restated Revolving Credit Agreement on July 17…
GAPGap Inc
The Gap, Inc. entered into Amendment No. 2 to its Fourth Amended and Restated Revolving Credit Agreement on July 17, 2026. The amendment extends the maturity date of the existing $2.2 billion asset-based facility from July 13, 2027, to July 2031. Key changes include the removal of sustainability-linked pricing adjustments and updates to conform to regulatory and legal requirements. The facility maintains a $2.2 billion maximum availability, including sublimits for letters of credit, swingline loans, and Canadian borrowings. Interest rates for U.S. dollar loans are based on SOFR plus a margin of 125-150 basis points. The company operates in the retail apparel industry.