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: 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.