| Schedule of outstanding balances under our credit facilities |
The outstanding balances under our credit facilities were as follows: | | | | | | | | | | | | | | | | | | | | | | | MAY 2, | | JANUARY 31, | | | 2026 | | 2026 | | | | | | | 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) | | 5.26% | | $ | 30,000 | | $ | — | | $ | 30,000 | | $ | 20,000 | | $ | — | | $ | 20,000 | Term loan B(2) | | 6.27% | | | 1,910,000 | | | (7,829) | | | 1,902,171 | | | 1,915,000 | | | (8,630) | | | 1,906,370 | Term loan B-2(3) | | 7.00% | | | 482,500 | | | (10,388) | | | 472,112 | | | 483,750 | | | (11,451) | | | 472,299 | Total credit facilities | | | | $ | 2,422,500 | | $ | (18,217) | | $ | 2,404,283 | | $ | 2,418,750 | | $ | (20,081) | | $ | 2,398,669 |
| (1) | Deferred financing fees associated with the asset based credit facility as of May 2, 2026 and January 31, 2026 were $3.0 million and $3.4 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 $1,890 million and $1,895 million were included in term loan B—net on the condensed consolidated balance sheets as of May 2, 2026 and January 31, 2026, respectively, and $20 million of current maturities of long-term debt was included in other current liabilities on the condensed consolidated balance sheets as of both May 2, 2026 and January 31, 2026. |
| (3) | Represents the outstanding balance of the Term Loan B-2 (defined below) under the Term Loan Credit Agreement, of which outstanding amounts of $478 million and $479 million were included in term loan B-2—net on the condensed consolidated balance sheets as of May 2, 2026 and January 31, 2026, respectively, and $5.0 million of current maturities of long-term debt was included in other current liabilities on the condensed consolidated balance sheets as of both May 2, 2026 and January 31, 2026. |
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