TSCO TRACTOR SUPPLY CO /DE/
Price Chart
Executive Summary
Tractor Supply Company entered into an amended and restated $1.3 billion unsecured revolving credit facility, refinancing its existing credit agreement. The facility matures in five years (May 2031) with two one-year extension options, includes an accordion feature to add up to $500 million in additional commitments, and carries pricing tied to the company's credit rating (initial Term SOFR margin of 1.000%). The covenant package is standard for an investment-grade retailer, with a leverage ratio covenant of no greater than 4.00x.
Key Financial Metrics
Actionable Insight
This is a routine refinancing of an existing credit facility with no material change in size, structure, or financial impact. Monitor the next 10-Q for any actual drawdowns or changes in leverage; the 4.00x covenant is not binding at current leverage levels.
Key Facts
- Revolving credit facility of $1.30 billion, unsecured, maturing May 19, 2031
- Two options to extend maturity by one year each (to 2032 or 2033)
- Accordion feature allows up to $500 million in additional revolving commitments or term loans
- Initial Term SOFR margin of 1.000% (Pricing Level III: BBB+/Baa1)
- Leverage ratio covenant of ≤ 4.00x (Funded Indebtedness / Consolidated EBITDAR)
- Swingline sublimit of $75 million; letter of credit sublimit of $150 million
- Refinances existing credit agreement dated September 30, 2022
Financial Impact
Routine refinancing of existing credit facility; no change in total debt or leverage disclosed. The $1.3B facility size is unchanged from the prior agreement (September 2022).
Risk Factors
- No material risks identified from this filing; the facility is standard for an investment-grade retailer.
Market Snapshot
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000916365-26-000039 |
| Document: tsco-20260519.htm | 0000916365-26-000039 |
| Document: 0000916365-26-000039-index-headers.html | 0000916365-26-000039 |
| Document: 0000916365-26-000039-index.html | 0000916365-26-000039 |
| Document: 0000916365-26-000039.txt | 0000916365-26-000039 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
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May 28, 2026
16d ago
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8-K
| $31.37 $29.14 | ▼ −7.11% | ▼ −7.06% | $31.25 (−0.38%) |
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May 21, 2026
22d ago
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8-K
| $31.37 $31.78 | ▲ +1.32% | ▼ −0.34% | $31.25 (−0.37%) |
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May 15, 2026
28d ago
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8-K
| $31.46 $29.56 | ▼ −6.05% | ▼ −7.67% | $31.25 (−0.68%) |
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May 14, 2026
4w ago
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8-K
| $30.49 $31.67 | ▲ +3.87% | ▲ +4.59% | $31.25 (+2.49%) |
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Apr 21, 2026
7w ago
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8-K
| $39.57 $35.59 | ▲ +10.06% | ▲ +11.14% | $31.25 (+21.03%) |
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Mar 26, 2026
11w ago
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DEFA14A
| $44.87 $45.39 | ▲ +1.16% | ▼ −2.70% | $31.25 (−30.35%) |
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Feb 28, 2026
15w ago
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Institutional Cluster
| $52.28 $50.67 | ▼ −3.08% | ▼ −1.87% | $31.25 (−40.23%) |
US Market Status
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