Sprouts Farmers Market, Inc. has announced the successful closing of a new $600 million revolving credit facility under a credit agreement dated July 25, 2025. This new facility replaces the company's previous $700 million revolving credit line, offering similar terms but with revised pricing and increased covenant flexibility. The agreement is set to expire in July 2030. At the time of closing, Sprouts had no outstanding borrowings, with $23 million in letters of credit and a remaining availability of $577 million. This financial move, supported by JPMorgan Chase Bank, Truist Securities, and PNC Capital Markets among others, aims to provide Sprouts with enhanced financial flexibility to support its growth strategy.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Sprouts Farmers Markets Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20250725045588) on July 25, 2025, and is solely responsible for the information contained therein.