CREDIT FACILITIES (Tables)

6 Months Ended

Aug. 02, 2025

CREDIT FACILITIES

Schedule of outstanding balances under our credit facilities

	AUGUST 2,							FEBRUARY 1,
	2025							2025
				UNAMORTIZED						UNAMORTIZED
				DEBT		NET				DEBT		NET
	INTEREST	OUTSTANDING		ISSUANCE		CARRYING		OUTSTANDING		ISSUANCE		CARRYING
	RATE	AMOUNT		COSTS		AMOUNT		AMOUNT		COSTS		AMOUNT
	(dollars in thousands)
Asset based credit facility(1)	5.96%	$	135,000	$	—	$	135,000	$	200,000	$	—	$	200,000
Term loan B(2)	6.97%		1,925,000		(10,239)		1,914,761		1,935,000		(11,856)		1,923,144
Term loan B-2(3)	7.71%		486,250		(13,585)		472,665		488,750		(15,731)		473,019
Total credit facilities		$	2,546,250	$	(23,824)	$	2,522,426	$	2,623,750	$	(27,587)	$	2,596,163

(1) Deferred financing fees associated with the asset based credit facility as of August 2, 2025 and February 1, 2025 were $3.9 million and $1.5 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. In July 2025, Restoration Hardware, Inc. entered into an amendment to the ABL Credit Agreement (defined below), which extended the maturity date of the revolving line of credit from July 29, 2026 to the earlier of (a) July 31, 2030 and (b) the date which is 91 days prior to the final stated maturity of the Term Loan Credit Agreement and any refinancing thereof.

(2) Represents the Term Loan Credit Agreement (defined below), of which outstanding amounts of $1,905 million and $1,915 million were included in term loan B—net on the condensed consolidated balance sheets as of August 2, 2025 and February 1, 2025, respectively, and $20 million was included in other current liabilities on the condensed consolidated balance sheets as of both August 2, 2025 and February 1, 2025.

(3) Represents the outstanding balance of the Term Loan B-2 (defined below) under the Term Loan Credit Agreement, of which outstanding amounts of $481 million and $484 million were included in term loan B-2—net on the condensed consolidated balance sheets as of August 2, 2025 and February 1, 2025, respectively, and $5.0 million was included in other current liabilities on the condensed consolidated balance sheets as of both August 2, 2025 and February 1, 2025.