# GAP INC (GAP) — capital_raise/public_offering [completed]
Source: SEC API (secapi.ai) · situation sit_2585c932f4d7fcbb4bee · retrieved 2026-08-12T21:20:49.440Z

## Overview
Gap Inc. is a retail family clothing company operating through its Gap, Old Navy, and Banana Republic brands.

On July 17, 2026, Gap Inc. amended its Fourth Amended and Restated Revolving Credit Agreement through Amendment No. 2, extending the maturity date of its $2.2 billion asset-based lending (ABL) facility from July 13, 2027 to July 2031. The amendment, entered into with Bank of America as administrative and collateral agent and multiple lenders, also removed sustainability-linked pricing adjustments and made conforming changes for regulatory and legal updates. The facility maintains its $2.2 billion maximum availability, with sublimits for letters of credit ($300 million), swingline loans ($200 million), and Canadian borrowings ($200 million). Loans bear interest at SOFR plus 125–150 basis points (depending on borrowing base availability) or an alternative base rate plus 25–50 basis points.

## Terms
- Counterparty: Bank of America, N.A., as administrative agent and collateral agent; multiple lenders · Deal value: $2.20B

## Key dates
- Completed 2026-07-17

## Timeline
- 2026-07-20 · 8-K (0001628280-26-048865): 8-K - GAP INC — *Gap Inc. is a retail family clothing company operating through its Gap, Old Navy, and Banana Republic brands.* On July 17, 2026, Gap Inc. amended its Fourth Amended and Restated Revolving Credit Agreement through Amendment No. 2, extending the maturity date of its $2.2 billion asset-based lending (ABL) facility from July 13, 2027 to July 2031. The amendment, entered into with Bank of America as administrative and collateral agent and multiple lenders, also removed sustainability-linked pricing adjustments and made conforming changes for regulatory and legal updates. The facility maintains its $2.2 billion maximum availability, with sublimits for letters of credit ($300 million), swingline loans ($200 million), and Canadian borrowings ($200 million). Loans bear interest at SOFR plus 125–150 basis points (depending on borrowing base availability) or an alternative base rate plus 25–50 basis points.
  https://www.sec.gov/Archives/edgar/data/39911/0001628280-26-048865.txt

## Citations
- 0001628280-26-048865 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000162828026048865