Debt Obligations (Tables)

6 Months Ended

Aug. 02, 2024

The Company’s debt as of the dates presented was as follows:


	August 2, 2024										February 2, 2024
	Stated interest rate		Effective interest rate		Principal		Unamortized debt issuance costs		Net		Principal		Unamortized debt issuance costs		Net
					(dollars in millions)
Term Loan A Facility due June 2027	6.69	%	6.81	%	$	1,168	$	(3)	$	1,165	$	1,199	$	(4)	$	1,195
Term Loan B Facility due October 2025	—	%	—	%	—		—		—		328		(1)		327
Term Loan B2 Facility due March 2027	—	%	—	%	—		—		—		182		(2)		180
Term Loan B3 Facility due February 2031	7.22	%	7.38	%	509		(4)		505		—		—		—
Senior Notes due April 2028	4.88	%	5.11	%	400		(3)		397		400		(3)		397
Revolving Credit Facility due June 2027	6.69	%	6.69	%	100		—		100		—		—		—
Total debt					$	2,177	$	(10)	$	2,167	$	2,109	$	(10)	$	2,099
Less current portion					197		—		197		77		—		77
Total debt, net of current portion					$	1,980	$	(10)	$	1,970	$	2,032	$	(10)	$	2,022

Schedule of Maturities of Long-term Debt

Maturities of debt as of August 2, 2024 are:


Fiscal Year	Total
	(in millions)
Remainder of 2025	$	148
2026	113
2027	128
2028	896
2029	406
Thereafter	486
Total principal payments	$	2,177

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

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+ Details