Williams-Sonoma Inc. has entered into a Ninth Amended and Restated Credit Agreement with Bank of America, N.A., extending the maturity date of its unsecured revolving loan facility to June 26, 2030. The agreement, which amends a previous credit agreement from September 2021, increases the aggregate revolving commitments from $500 million to $600 million. Additionally, the alternative currency and letter of credit sublimits have been raised to $100 million, while the swingline sublimit has been increased to $50 million. This amendment also transitions to the Secured Overnight Financing Rate ("Term SOFR") standard and reduces applicable margins and fees in some instances. As of the agreement date, Williams-Sonoma reported no outstanding revolving loans under the new terms.
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