Five Below, Inc. entered into a Third Amendment to its Credit Agreement on October 14, 2026. The amendment modifies the company’s senior secured asset-based revolving credit facility and extends the maturity date of the agreement.
Under the terms of the amendment, the maturity date of the credit agreement was extended from September 16, 2027, to October 14, 2031. Concurrently, the aggregate amount of the revolving credit facility was increased from $225,000,000 to $450,000,000. Additionally, the letter of credit subline was increased from $20,000,000 to $50,000,000.
The amendment was executed among Five Below, Inc. as the Borrower, 1616 Holdings, Inc. as the Guarantor, the lenders party to the agreement, and Wells Fargo Bank, National Association as the Agent.
