Five Below Inc.
10/14/2026 | Press release | Distributed by Public on 10/14/2026 14:48
Material Agreement, Financial Obligation (Form 8-K)
Item 1.01 Entry Into a Material Definitive Agreement.
On October 14, 2026, Five Below, Inc. (the "Company") entered into a Third Amendment to Credit Agreement (the "Amendment") among the Company (in such capacity, the "Borrower"), 1616 Holdings, Inc. (the "Guarantor" and with the Borrower, collectively, the "Loan Parties"), the lenders party thereto (the "Lenders") and Wells Fargo Bank, National Association ("Wells") as agent for the Lenders (in such capacity, the "Agent"), which amended that certain Fifth Amended and Restated Credit Agreement, dated April 24, 2020 (as amended by that certain First Amendment to Credit Agreement, dated as of January 27, 2021, and by that certain Second Amendment to Credit Agreement, dated as of September 16, 2022, the "Credit Agreement") by and among the Loan Parties, the lenders party thereto and the Agent.
Pursuant to the Amendment, the Maturity Date of the Credit Agreement was extended from September 16, 2027 to October 14, 2031. The Amendment also increased the amount of the Company's senior secured asset-based revolving credit facility from $225,000,000 to $450,000,000 and the letter of credit subline from $20,000,000 to $50,000,000.
The Credit Agreement is an exhibit to a Current Report on Form 8-K that was filed with the Securities and Exchange Commission on April 29, 2020. The First Amendment to Credit Agreement is an exhibit to a Current Report on Form 8-K that was filed with the Securities and Exchange Commission on January 27, 2021. The Second Amendment to Credit Agreement is an exhibit to a Current Report on Form 8-K that was filed with the Securities and Exchange Commission on September 16, 2022. The Amendment is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference. The description of the material terms of the Amendment is qualified in its entirety by reference to such exhibit.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation Under an Off-Balance Sheet Arrangement of a Registrant.
The disclosure set forth above under Item 1.01 is hereby incorporated by reference into this Item 2.03.
Five Below Inc. published this content on October 14, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on October 14, 2026 at 20:49 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]