Gap extends USD 2.2 billion asset-based revolving credit facility maturity to 2031

Bank of America Corp
Gap, Inc.

Bank of America Corp

BAC

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Gap, Inc.

GAP

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  • Gap entered Amendment No. 2 to its $2.2 billion asset-based revolving credit facility with lenders led by Bank of America on July 17, 2026.
  • The amendment extends the facility’s maturity to July 2031 from July 13, 2027.
  • Sustainability-linked pricing adjustments were removed; maximum availability stays at $2.2 billion.
  • U.S. dollar borrowings price at SOFR plus 1.25%-1.5%, depending on borrowing base availability; undrawn availability fee is 0.25%.
  • Proceeds remain earmarked for working capital, capital expenditures, and general corporate purposes.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Gap Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001628280-26-048865), on July 21, 2026, and is solely responsible for the information contained therein.

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