Credit Facilities (Tables)

12 Months Ended

Jan. 29, 2022

CREDIT FACILITIES

Schedule of Outstanding Balances Under our Credit Facilities

	JANUARY 29,						JANUARY 30,
	2022						2021
			UNAMORTIZED						UNAMORTIZED
			DEBT		NET				DEBT		NET
	OUTSTANDING		ISSUANCE		CARRYING		OUTSTANDING		ISSUANCE		CARRYING
	AMOUNT		COSTS		AMOUNT		AMOUNT		COSTS		AMOUNT
Asset based credit facility (1)	$	—	$	—	$	—	$	—	$	—	$	—
Term loan credit agreement (2)		1,995,000		(21,797)		1,973,203		—		—		—
Equipment promissory notes (3)		14,785		(31)		14,754		37,532		(171)		37,361
Total credit facilities	$	2,009,785	$	(21,828)	$	1,987,957	$	37,532	$	(171)	$	37,361

(1) Deferred financing fees associated with the asset based credit facility as of January 29, 2022 and January 30, 2021 were $4.1 million and $1.5 million, respectively, and are included in other non-current assets on the consolidated balance sheets. The deferred financing fees are amortized on a straight-line basis over the life of the revolving line of credit. In July 2021, Restoration Hardware, Inc. entered into the ABL Credit Agreement (defined below) which extended the maturity date of the revolving line of credit from June 28, 2022 to July 29, 2026.

(2) Represents the Term Loan Credit Agreement (defined below), of which outstanding amounts of $2.0 billion and $20 million were included in term loan—net and other current liabilities on the consolidated balance sheets, respectively. The maturity date of the Term Loan Credit Agreement is October 20, 2028.

(3) Represents total equipment security notes secured by certain of our property and equipment, of which $14 million outstanding was included in other current liabilities on the consolidated balance sheets. The remaining $1.2 million outstanding, included in other non-current obligations on the consolidated balance sheets, has principal payments due in fiscal 2023.