secwatch.observer — SEC 8-K summary
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Issuer:     NIKE, Inc. (NKE)
CIK:        0000320187
Form:       8-K
Filed at:   2023-03-13T23:59:59+00:00
Accession:  0000320187-23-000006
Event type: debt
Sentiment:  neutral
Materiality: 0.25
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NIKE enters $1B 364-day credit facility, replaces prior facility maturing March 2023
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- New unsecured revolving facility up to $1B; maturity March 8, 2024; no outstanding borrowings.
- Multi-currency option: CAD, EUR, GBP, JPY; interest at Term SOFR + margin (35.75–69.0 bps) or base rate.
- Facility may be increased to $1.5B with bank consent; no financial covenants included.
- Prior $1B facility terminated concurrently with no amounts outstanding.
- Proceeds for working capital, general corporate purposes, and commercial paper backup.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/320187/000032018723000006/0000320187-23-000006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/320187/000032018723000006/nke-20230310.htm
  HTML page:      https://secwatch.observer/filing/0000320187-23-000006

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