{"schema_version":"secwatch.filing_event.v1","accession":"0000320187-24-000009","form_type":"8-K","ticker":"NKE","cik":"0000320187","company_name":"NIKE, Inc.","filed_at":"2024-03-11T23:59:59+00:00","discovered_at":"2026-05-14T18:03:26.558269+00:00","generated_at":"2026-06-05T00:09:18.997944+00:00","sec_items":["1.01","1.02","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"confidence":"high","headline":"NIKE enters $1.0B 364-day unsecured credit facility; prior facility terminated","bullets":["New $1.0B 364-day unsecured revolving credit facility signed March 8, 2024, maturing March 7, 2025.","Facility can be increased to up to $1.5B with lender agreement; available for working capital and commercial paper backing.","Prior 364-day credit agreement dated March 10, 2023 was terminated concurrently; no amounts were outstanding.","Borrowings bear interest at Term SOFR plus 0.10% plus applicable margin ranging from 0.3575% to 0.690% based on credit ratings.","Facility includes no financial covenants; customary negative covenants on liens, mergers, and asset sales."],"urls":{"canonical":"https://secwatch.observer/filing/0000320187-24-000009","json":"https://secwatch.observer/filing/0000320187-24-000009.json","markdown":"https://secwatch.observer/filing/0000320187-24-000009.md","text":"https://secwatch.observer/filing/0000320187-24-000009.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/320187/000032018724000009/0000320187-24-000009-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/320187/000032018724000009/nke-20240308.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-05T00:09:18.997944+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"2f0812048d554ba88b0817f6de098a9ab29854cb","claim":"NIKE, Inc. incurred revolving credit of up to $1.0 billion of borrowings with Bank of America, N.A., as administrative agent, and the other financial institutions named therein as lenders at Term SOFR plus 0.10% plus an applicable margin maturing March 7, 2025.","evidence_excerpt":"On March 8, 2024, 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 $1.0 billion of borrowings pursuant to a 364-day unsecured revolving credit facility","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/320187/000032018724000009/0000320187-24-000009-index.htm","confidence":0.95,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"up to $1.0 billion of borrowings"},{"label":"Counterparty","value":"Bank of America, N.A., as administrative agent, and the other financial institutions named therein as lenders"},{"label":"Rate","value":"Term SOFR plus 0.10% plus an applicable margin"},{"label":"Maturity","value":"March 7, 2025"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"8ef577162c4b236323c7e999d619709ea6f8f654","claim":"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 $1.0 billion (effective 2024-03-08).","evidence_excerpt":"On March 8, 2024, 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”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/320187/000032018724000009/0000320187-24-000009-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Bank of America, N.A., as administrative agent, and the other financial institutions named therein as lenders"},{"label":"Value","value":"up to $1.0 billion"},{"label":"Effective","value":"2024-03-08"}],"fact_type":"material_agreement"},{"claim_id":"f4ffd764a33c2258fda4b00893d5c9fbc9646a06","claim":"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 2024-03-08).","evidence_excerpt":"On March 8, 2024, 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 10, 2023, 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”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/320187/000032018724000009/0000320187-24-000009-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"termination"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"the banks, financial institutions and other lenders signatory thereto"},{"label":"Value","value":"up to $1.0 billion"},{"label":"Effective","value":"2024-03-08"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}