lululemon Reports Second Amended and Restated Credit Agreement
Summary
On October 15, 2025, lululemon athletica inc. and certain subsidiaries entered into the Second Amended and Restated Credit Agreement, establishing a new unsecured five-year revolving credit facility. This Credit Facility provides $600.0 million in commitments, with the potential to increase up to a total of $1.0 billion, and has a maturity date of October 15, 2030. Bank of America, N.A. serves as the administrative agent, with HSBC Bank USA, N.A., Royal Bank of Canada, and Citibank, N.A. also involved as agents and arrangers (via Ex. 10.1). * Initial commitments: $600.0 million * Maturity date: October 15, 2030 * Administrative Agent: Bank of America, N.A. * Potential increase: Up to $1.0 billion
Why It Matters
The establishment of this $600.0 million revolving credit facility, with the option to expand to $1.0 billion, provides lululemon with enhanced financial flexibility and liquidity to support its ongoing operations and strategic objectives.
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Key Quote
“On October 15, 2025, lululemon entered into the Second Amended and Restated Credit Agreement (the "Credit Agreement"), by and among lululemon and certain of its subsidiaries as co-borrowers, Bank of America, N.”
— From Item 2.03
Filing Details
Reported Items
Additional Information
- CIK Number
- 0001397187
- Filing Date
- Tuesday, October 21, 2025
- Filing Time
- 12:00 AM UTC
- Form Type
- 8-K
- Materiality Level
- high
- Sentiment
- positive