Five Below and LGI Homes Amend Credit Agreements

what happened

Five Below disclosed in an SEC filing that on October 14, 2026 it entered into a third amendment to its credit agreement. The maturity date moves out to October 14, 2031, the credit facility rises from $225 million to $450 million, and the letter of credit subline grows from $20 million to $50 million.

According to the same regulator's filings, LGI Homes signed a seventh amendment to its credit agreement on October 9, 2026. Aggregate revolving commitments reach $1.17 billion, including a $175 million incremental facility. Of the commitments, $855 million, or 73.3%, matures October 9, 2030, while 18.4% matures April 28, 2029 and 8.3% April 28, 2028.

why it matters

For markets, the moves signal that retailer Five Below and homebuilder LGI Homes have secured extra liquidity and a longer funding runway. Later maturities ease near-term refinancing pressure, though the filings do not disclose pricing terms.

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