secwatch.observer — SEC 8-K summary
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Issuer:     NIKE, Inc. (NKE)
CIK:        0000320187
Form:       8-K
Filed at:   2022-03-14T23:59:59+00:00
Accession:  0000320187-22-000010
Event type: debt
Sentiment:  neutral
Materiality: 0.20
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/320187/000032018722000010/0000320187-22-000010-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/320187/000032018722000010/nke-20220311.htm
  HTML page:      https://secwatch.observer/filing/0000320187-22-000010

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer