Loan & DebtMay 21, 2026, 04:58 PM
Tractor Supply Secures New $1.30B Revolving Credit Facility
AI Summary
Tractor Supply Company has entered into an Amended and Restated Credit Agreement, establishing a new $1.30 billion Senior Credit Facility. This facility, which amends and restates the existing credit agreement and refinances outstanding borrowings, includes a five-year term with options for extension and an additional $500.0 million increase. The agreement outlines interest rates, commitment fees, and a key leverage ratio covenant of not greater than 4.00 to 1.00.
Key Highlights
- Tractor Supply Company entered into an Amended and Restated Credit Agreement on May 19, 2026.
- The Senior Credit Facility provides a $1.30 billion revolving credit facility.
- It includes a $75.0 million sublimit for swingline loans and a $150.0 million sublimit for letters of credit.
- The company has an option to increase the facility by up to $500.0 million.
- The facility has a five-year term with two options for a one-year extension.
- Initial interest margin for Term SOFR loans is 1.000%, with a commitment fee of 0.075% to 0.150% for unused capacity.
- A leverage ratio covenant requires the company to maintain a ratio not greater than 4.00 to 1.00.
Price Impact
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