Credit Facilities (Tables)

6 Months Ended

Jul. 30, 2022

CREDIT FACILITIES

Schedule of Outstanding Balances Under our Credit Facilities

	JULY 30,							JANUARY 29,
	2022							2022
				UNAMORTIZED						UNAMORTIZED
				DEBT		NET				DEBT		NET
	INTEREST	OUTSTANDING		ISSUANCE		CARRYING		OUTSTANDING		ISSUANCE		CARRYING
	RATE(1)	AMOUNT		COSTS		AMOUNT		AMOUNT		COSTS		AMOUNT
	(dollars in thousands)
Asset based credit facility(2)	3.62%	$	—	$	—	$	—	$	—	$	—	$	—
Term loan B(3)	4.87%		1,985,000		(20,130)		1,964,870		1,995,000		(21,797)		1,973,203
Term loan B-2(4)	5.68%		500,000		(26,704)		473,296		—		—		—
Equipment promissory notes(5)	4.56%		2,215		—		2,215		14,785		(31)		14,754
Total credit facilities		$	2,487,215	$	(46,834)	$	2,440,381	$	2,009,785	$	(21,828)	$	1,987,957

(1) The interest rates for the asset based credit facility, term loans and equipment promissory note represent the weighted-average interest rates as of July 30, 2022.

(2) Deferred financing fees associated with the asset based credit facility as of July 30, 2022 and January 29, 2022 were $3.7 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.

(3) Represents the outstanding balance of the Term Loan B (defined below) under the Term Loan Credit Agreement, of which outstanding amounts of $1,965 million and $20 million were included in term loan B—net and other current liabilities, respectively, on the condensed consolidated balance sheets, respectively, in both periods presented. The maturity date of the Term Loan Credit Agreement is October 20, 2028.

(4) Represents the outstanding balance of the Term Loan B-2 (defined below) under the Term Loan Credit Agreement, of which outstanding amounts of $496 million and $3.8 million were included in term loan B-2—net and other current liabilities, respectively, on the condensed consolidated balance sheets as of July 30, 2022. The maturity date of the Term Loan Credit Agreement is October 20, 2028.

(5) 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 July 30, 2022.