UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item 1.01 Entry into a Material Definitive Agreement.
On August 27, 2021, Chewy, Inc. (the “Company”) entered into Amendment No. 1 (the “Amendment”) to the ABL Credit Agreement (the “Credit Agreement”), dated as of June 18, 2019, among the Company, the Lenders (as defined therein) from time to time party hereto, Wells Fargo Bank, National Association, as administrative agent, and JPMorgan Chase Bank, N.A., as syndication agent.
The Amendment provides for, among other things, (i) an increase of the aggregate principal amount of commitments to $500 million, (ii) an increase of the amount available for incremental asset-based revolving loan facilities to $300 million, (iii) an extension of the maturity date to August 27, 2026, and (iv) a modification of the commitment fee from a range of 0.25% to 0.375% to a fixed 0.25% fee with respect to the undrawn portion of the commitments.
The Amendment is filed as Exhibit 10.1 hereto and this description thereof is qualified by reference thereto.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off Balance Sheet Arrangement of a Registrant.
The information set forth in Item 1.01 is incorporated by reference into this Item 2.03.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
| Exhibit No. | Description of Exhibit | |
| 10.1 | Amendment No. 1 to the ABL Credit Agreement, dated as of August 27, 2021, among Chewy, Inc., the Lenders (as defined therein) from time to time party hereto, Wells Fargo Bank, National Association as administrative agent, and JPMorgan Chase Bank, N.A. as syndication agent. | |
| 104 | The cover page from this Current Report on Form 8-K, formatted in Inline XBRL. | |
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| CHEWY, INC. | ||
| By: | /s/ Susan Helfrick | |
| Name: | Susan Helfrick | |
| Title: | General Counsel | |
Date: September 1, 2021
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