Tractor Supply Company (NASDAQ: TSCO) entered into an amended credit agreement on May 19, 2026, establishing a new $1.3 billion revolving credit facility with Wells Fargo Bank serving as administrative agent.

The unsecured facility replaces the company's existing credit agreement and includes sublimits of $75 million for swingline loans and $150 million for letters of credit. The agreement provides an option to increase the facility by up to $500 million, subject to lender commitments.

The five-year facility includes two one-year extension options. Interest rates will be based on either the bank's base rate plus 0.000% to 0.250% or Term SOFR plus 0.750% to 1.250%, determined by the company's credit ratings from Standard & Poor's and Moody's. Initial margins are set at 0.000% for base rate loans and 1.000% for Term SOFR loans.

The agreement requires Tractor Supply to maintain a leverage ratio not exceeding 4.00 to 1.00. The company will pay commitment fees ranging from 0.075% to 0.150% annually on unused capacity.

The facility includes standard restrictions on subsidiary debt, liens, asset dispositions, mergers and other transactions. Events of default include payment defaults, covenant breaches, cross-defaults on material debt, bankruptcy events and judgments exceeding specified amounts.

Outstanding borrowings under the previous credit facility were refinanced under the new agreement, according to the company's statement.