Company: TJX
Filing Date: 2025-05-30
Form Type: 10-Q
Source: 0000109198-25-000043
Chunk: 20

Company: TJX COMPANIES INC /DE/
Filing Date: 2025-05-30
Form: 10-Q
Item: Part I, Item 1
Chunk 20
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 2,876 Debt issuance costs(10)(11)(13)Long-term debt$2,867 $2,866 $2,863 Credit FacilitiesAs of May 3, 2025, the Company had two TJX revolving credit facilities, a $1 billion senior unsecured revolving credit facility maturing in June 2026 (the “2026 Revolving Credit Facility”) and a $500 million revolving credit facility maturing in May 2028 (the “2028 Revolving Credit Facility”). On May 9, 2025, the Company amended and restated its 2028 Revolving Credit Facility (as amended, the “2029 Revolving Credit Facility”) to (i) extend the maturity to May 9, 2029 and (ii) increase the aggregate principal amount commitment to $750 million. All other material terms and conditions of the 2029 Revolving Credit Facility were unchanged. 

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Additionally, on May 9, 2025, the Company amended and restated its 2026 Revolving Credit Facility (as amended, “the 2030 Revolving Credit Facility”) to (i) extend the maturity to May 9, 2030, (ii) decrease the aggregate principal amount of commitments to $750 million and (iii) reduce the interest rate margin applicable to borrowings bearing interest at a term secured overnight financing rate to a margin of 45.0 - 87.5 basis points consistent with the 2029 Revolving Credit Facility. All other material terms and conditions of the 2030 Revolving Credit Facility were unchanged.Under these credit facilities, the Company has maintained a borrowing capacity of $1.5 billion. As of May 3, 2025, February 1, 2025 and May 4, 2024, and during the quarters and year then ended, there were no amounts outstanding under these facilities. TJX was in compliance with all covenants related to its credit facilities at the end of all periods presented.

Note J. Income Taxes 

A number of countries have enacted legislation to implement the Organization for Economic Cooperation and Development’s 15% global minimum tax regime (Pillar Two) with effect from January 1, 2024. These changes did not have a material impact on our effective tax rate, results of operations or financial position for the first quarter of fiscal 2026 and are not expected to have a significant impact to the full fiscal year. We continue to evaluate the