Item 1.01 Entry into a Material Definitive Agreement.
On
Also on
The Amendments amended the Credit Agreements to, among other things: (i) replace the LIBOR-based Eurocurrency reference interest rate option with a reference interest rate option based upon Term SOFR and (ii) amend the negative covenant relating to asset dispositions to only prohibit dispositions of all or substantially all of the assets of the Company.
The foregoing description of the Amendments does not purport to be complete and is qualified in its entirety by reference to the full text of Amendment No. 1 and Amendment No. 2, copies of which are filed herewith as Exhibit 10.1 and Exhibit 10.2, respectively, and incorporated herein by reference.
Certain lender parties to the Amendments and certain of their respective affiliates have performed in the past, and may from time to time perform in the future, banking, investment banking and/or other advisory services for the Company and its affiliates for which they have received, and/or will receive, customary fees and expenses.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an
Off-Balance Sheet Arrangement of a Registrant.
The disclosure required by this Item 2.03 and included in Item 1.01 above is incorporated by reference into this Item 2.03.
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Item 9.01 Financial Statements and Exhibits.
(d) Exhibits: Exhibit No. Description 10.1 Amendment No. 1 to Third Amended and Restated Credit Agreement, dated as ofJanuary 17, 2023 , by and amongLowe's Companies, Inc. ,Bank of America, N.A ., as administrative agent, swing line lender and a letter of credit issuer, and the other lenders party thereto. 10.2 Amendment No. 2 to Credit Agreement, dated as ofJanuary 17, 2023 , by and amongLowe's Companies, Inc. ,Bank of America, N.A ., as administrative agent, swing line lender and a letter of credit issuer, and the other lenders party thereto. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
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