Credit Facilities (Tables)

3 Months Ended

Apr. 30, 2022

CREDIT FACILITIES

Schedule of Outstanding Balances Under our Credit Facilities

The outstanding balances under our credit facilities were as follows:

	APRIL 30,						JANUARY 29,
	2022						2022
			UNAMORTIZED						UNAMORTIZED
			DEBT		NET				DEBT		NET
	OUTSTANDING		ISSUANCE		CARRYING		OUTSTANDING		ISSUANCE		CARRYING
	AMOUNT		COSTS		AMOUNT		AMOUNT		COSTS		AMOUNT
	(in thousands)
Asset based credit facility(1)	$	—	$	—	$	—	$	—	$	—	$	—
Term loan credit agreement(2)		1,990,000		(20,962)		1,969,038		1,995,000		(21,797)		1,973,203
Equipment promissory notes(3)		3,875		(2)		3,873		14,785		(31)		14,754
Total credit facilities	$	1,993,875	$	(20,964)	$	1,972,911	$	2,009,785	$	(21,828)	$	1,987,957

(1) Deferred financing fees associated with the asset based credit facility as of April 30, 2022 and January 29, 2022, were $3.9 million and $4.1 million, respectively, and are included in other non-current assets on the condensed consolidated balance sheets. The deferred financing fees are amortized on a straight-line basis over the life of the revolving line of credit, which has a maturity date of 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 condensed consolidated balance sheets, respectively, in both periods presented. 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, all of which was included in other current liabilities on the condensed consolidated balance sheets as of April 30, 2022.