CREDIT FACILITIES (Tables)

3 Months Ended

May 04, 2024

CONVERTIBLE SENIOR NOTES

Schedule of Outstanding Balances Under our Credit Facilities

The outstanding balances under our credit facilities were as follows:

	MAY 4,							FEBRUARY 3,
	2024							2024
				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)	6.67%	$	—	$	—	$	—	$	—	$	—	$	—
Term loan B(3)	7.93%		1,950,000		(14,297)		1,935,703		1,955,000		(15,115)		1,939,885
Term loan B-2(4)	8.67%		492,500		(18,969)		473,531		493,750		(20,054)		473,696
Total credit facilities		$	2,442,500	$	(33,266)	$	2,409,234	$	2,448,750	$	(35,169)	$	2,413,581

(1) Represents the weighted-average interest rates as of May 4, 2024.

(2) Deferred financing fees associated with the asset based credit facility as of May 4, 2024 and February 3, 2024 were $2.3 million and $2.5 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.

(3) Represents the Term Loan Credit Agreement (defined below), of which outstanding amounts of $1,930 million and $1,935 million were included in term loan—net on the condensed consolidated balance sheets as of May 4, 2024 and February 3, 2024, respectively, and $20 million was included in other current liabilities on the condensed consolidated balance sheets as of both May 4, 2024 and February 3, 2024.

(4) Represents the outstanding balance of the Term Loan B-2 (defined below) under the Term Loan Credit Agreement, of which outstanding amounts of $488 million and $489 million were included in term loan B-2—net on the condensed consolidated balance sheets as of May 4, 2024 and February 3, 2024, respectively, and $5.0 million was included in other current liabilities on the condensed consolidated balance sheets as of both May 4, 2024 and February 3, 2024.