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

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.