NIKE enters new $1B 364-day and $2B five-year unsecured revolving credit facilities

NIKE, Inc.

364-day facility: up to $1B, matures March 10, 2023, with option to extend 364 days or convert to term loan.
Five-year facility: up to $2B, matures March 11, 2027, with two possible one-year extensions to 2029.
Both facilities can be increased by up to $0.5B (364-day) and $1B (5-year) with lender consent; no financial covenants.
Interest options: Term SOFR plus 0.10% plus margin (0.3575%-0.690%) or base rate; multi-currency borrowings allowed.
Prior $1B 364-day and $2B five-year facilities terminated concurrently; no amounts outstanding under either.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.