Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
NIKE, Inc. incurred revolving credit of up to $1 billion with Bank of America, N.A. at Term SOFR plus 0.10% plus an applicable margin maturing March 8, 2024.
- Instrument
- revolving credit
- Principal
- up to $1 billion
- Counterparty
- Bank of America, N.A.
- Rate
- Term SOFR plus 0.10% plus an applicable margin
- Maturity
- March 8, 2024
- Event
- incurrence
Exact text from the filing
N.A., as administrative agent, and the other financial institutions named therein as lenders (the “364‐Day Credit Agreement”). The 364‐Day Credit Agreement provides for up to $1 billion of borrowings pursuant to a 364-day unsecured revolving credit facility (the “364‐Day Credit Facility”), which is available for working capital and general corporate purposes,
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
NIKE, Inc. terminated Prior 364-Day Credit Agreement with the banks, financial institutions and other lenders signatory thereto valued at up to $1.0 billion (effective 2023-03-10).
- Action
- termination
- Agreement
- credit facility
- Counterparty
- the banks, financial institutions and other lenders signatory thereto
- Value
- up to $1.0 billion
- Effective
- 2023-03-10
Exact text from the filing
On March 10, 2023, concurrently with the Company’s entry into the 364-Day Credit Agreement described in Item 1.01 hereof, the Company terminated the existing Credit Agreement dated March 11, 2022, which provided for up to $1.0 billion of borrowings in U.S. Dollars pursuant to a 364‐day unsecured revolving credit facility, with the banks, financial institutions and other lenders signatory thereto (the “Prior 364‐Day Credit Agreement”).
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
NIKE, Inc. entered into 364-Day Credit Agreement with Bank of America, N.A., as administrative agent, and the other financial institutions named therein as lenders valued at up to $1 billion (effective 2023-03-10).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Bank of America, N.A., as administrative agent, and the other financial institutions named therein as lenders
- Value
- up to $1 billion
- Effective
- 2023-03-10
Exact text from the filing
On March 10, 2023, NIKE, Inc. (the “Company”) entered into a Credit Agreement with Bank of America, N.A., as administrative agent, and the other financial institutions named therein as lenders (the “364‐Day Credit Agreement”). The 364‐Day Credit Agreement provides for up to $1 billion of borrowings
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