Nike 8-K
Debt financing
Replaces its expiring 364-day revolver with a new unsecured facility supporting commercial paper and working capital.
Filed 2026-03-09 16:33 ET
- 1.01 Entry into a Material Agreement
- 1.02 Termination of a Material Agreement
- 2.03 Creation of a Financial Obligation
- 9.01 Financial Statements and Exhibits
Summary
Replacement of NIKE’s 364-day revolving credit facility. On 03/06/2026, NIKE entered into a new unsecured facility with up to $1B available for working capital and general corporate purposes, including support for commercial paper, and terminated its expiring $1B facility. The prior facility had no amounts outstanding at termination.
Key Figures
- New facility: up to $1B, maturing 03/05/2027; borrowings may be increased to $1.5B with lender agreement. NIKE may request a 364-day renewal or convert outstanding amounts to a term loan of up to one year.
- U.S. dollar borrowing rates: Term SOFR + 0.595% or an alternative base rate. The facility has no financial covenants.
- The agreement also permits additional subsidiary borrowers, with NIKE guaranteeing their obligations.
The summary is written by an AI model reading the filing.
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