{"schema_version":"secwatch.filing_event.v1","accession":"0000320187-25-000008","form_type":"8-K","ticker":"NKE","cik":"0000320187","company_name":"NIKE, Inc.","filed_at":"2025-03-10T23:59:59+00:00","discovered_at":"2026-05-14T18:03:05.957395+00:00","generated_at":"2026-05-25T02:19:07.051219+00:00","sec_items":["1.01","1.02","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Nike enters new $3B in credit facilities; replaces prior agreements","bullets":["New 364-day unsecured revolving facility: up to $1B, matures March 6, 2026.","New five-year unsecured revolving facility: up to $2B, matures March 7, 2030 (extendable to 2032).","Prior 364-day ($1B) and five-year ($2B) facilities terminated; no amounts outstanding.","No financial covenants; available for working capital and commercial paper support.","Interest rates based on SOFR plus margin tied to credit ratings (0.345%–0.690%)."],"urls":{"canonical":"https://secwatch.observer/filing/0000320187-25-000008","json":"https://secwatch.observer/filing/0000320187-25-000008.json","markdown":"https://secwatch.observer/filing/0000320187-25-000008.md","text":"https://secwatch.observer/filing/0000320187-25-000008.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/320187/000032018725000008/0000320187-25-000008-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/320187/000032018725000008/nke-20250307.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-25T02:19:07.051219+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":"8cfff26c52c7968692e3cbfc0d4face5fbe13587","claim":"NIKE, Inc. incurred revolving credit of up to $1 billion 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 6, 2026.","evidence_excerpt":"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,","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/320187/000032018725000008/0000320187-25-000008-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"up to $1 billion"},{"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 6, 2026"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"e0f82ac26f56fab3801fd75f9bbab4632e8f7ad8","claim":"NIKE, Inc. incurred revolving credit of up to $2 billion 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, 2030.","evidence_excerpt":"as administrative agent, and the other financial institutions named therein as lenders (the “Five Year Credit Agreement”). The Five Year Credit Agreement provides for up to $2 billion of borrowings pursuant to an unsecured revolving credit facility (the “Five Year Credit Facility”), which is available for working capital and general corporate purposes,","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/320187/000032018725000008/0000320187-25-000008-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"up to $2 billion"},{"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, 2030"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}