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Actionable news in GPS: THE GAP Inc,

Entry into a Material Definitive Agreement

On October 15, 2015, The Gap, Inc. (we, our and the Company) entered into a credit agreement (the Credit Agreement) with The Bank of Nova Scotia (Lender) to provide for a $400 million unsecured term credit facility (the Term Facility). The Term Facility matures on October15,2016, but may be extended at the Companys option until October15,2017 (the Extension Option).

The Term Facility proceeds are available for general corporate purposes, including share repurchases, as permitted under the Amended and Restated Credit Agreement dated as of May 20, 2015, by and among the Company, the LC Subsidiaries named therein, the Subsidiary Borrowers named therein, the lenders named therein, the Issuing Banks named therein, Merrill Lynch Pierce, Fenner & Smith Incorporated, J.P. Morgan Secu rities LLC and Citigroup Global Markets Inc., as joint lead arrangers and joint bookrunners, JPMorgan Chase Bank, N.A., as syndication agent, Citibank N.A., HSBC Bank USA, National...


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