secwatch.observer — SEC 8-K summary
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Issuer:     NIKE, Inc. (NKE)
CIK:        0000320187
Form:       8-K
Filed at:   2024-03-11T23:59:59+00:00
Accession:  0000320187-24-000009
Event type: debt
Sentiment:  neutral
Materiality: 0.30
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NIKE enters $1.0B 364-day unsecured credit facility; prior facility terminated
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/320187/000032018724000009/0000320187-24-000009-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/320187/000032018724000009/nke-20240308.htm
  HTML page:      https://secwatch.observer/filing/0000320187-24-000009

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