TJX Cos. (TJX) kept its $1.5 billion borrowing capacity from two revolving credit facilities while extending their maturities after striking deals with its creditors, a regulatory filing showed Friday.
TJX extended the maturity date of its $500 million credit facility to May 9, 2029, and secured an increase in commitment to $750 million, according to the filing.
It also extended the maturity of its $1 billion facility to May 9, 2030, while decreasing bank commitments to $750 million and reducing the interest rate margin, the filing showed.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.