AMERICAN EAGLE OUTFITTERS INC
For the period ended Aug 1, 2026. Filed Sep 10, 2026.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Aug 1, 2026 · Filed Sep 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Long-Term Debt, Net
- Long-Term Debt, Net
Revolving Credit Facility
In June 2022, the Company entered into an amended and restated Credit Agreement. The Credit Agreement provides senior secured asset-based revolving credit for loans and letters of credit up to $700 million, subject to customary borrowing base limitations.
On June 4, 2026, the Credit Agreement was amended to extend the maturity date of the Credit Facility to June 4, 2031 and simplify the interest rate calculation by removing the SOFR Adjustment and Term CORRA Adjustment (as such terms are defined in the Credit Agreement) and increasing the applicable margin(the “June 2026 Amendment”).
All obligations under the Company's current $700 million Credit Facility are unconditionally guaranteed by certain subsidiaries and secured by certain assets of the Company and certain subsidiaries.
As of August 1, 2026, the Company was in compliance with the terms of the Credit Agreement and had $55 million in outstanding borrowings and $10 million outstanding in stand-by letters of credit. As of August 2, 2025, the Company was in compliance with the terms of the Credit Agreement and had $203.0 million in outstanding borrowings and $12 million outstanding in stand-by letters of credit.
Pursuant to the June 2026 Amendment, borrowings under the Credit Facility accrue interest at the election of the Company at an adjusted secured overnight financing rate ("SOFR") plus an applicable margin (ranging from 1.250% to 1.500%) or an alternate base rate plus an applicable margin (ranging from 0.250% to 0.500%), with each such applicable margin being based on average borrowing availability under the Credit Facility. Interest is payable quarterly and at the end of each applicable interest period. The total interest expense related to the Credit Facility for the 13 and 26 weeks ended August 1, 2026 was $0.5 million and $1.1 million, respectively. The total interest expense related to the Credit Facility for the 13 and 26 weeks ended August 2, 2025 was $1.8 million and $2.1 million, respectively.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.