---
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"
generated_at: "2026-05-25T02:19:07.051219+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Nike enters new $3B in credit facilities; replaces prior agreements

## Summary
- 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%).

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000320187-25-000008
- JSON: https://secwatch.observer/filing/0000320187-25-000008.json
- Plain text: https://secwatch.observer/filing/0000320187-25-000008.txt

## Key facts
- Debt Financings
  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.
  - Instrument: revolving credit
  - Principal: up to $1 billion
  - Counterparty: Bank of America, N.A., as administrative agent, and the other financial institutions named therein as lenders
  - Rate: Term SOFR plus 0.10% plus an applicable margin
  - Maturity: March 6, 2026
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/320187/000032018725000008/0000320187-25-000008-index.htm
- Debt Financings
  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.
  - Instrument: revolving credit
  - Principal: up to $2 billion
  - Counterparty: Bank of America, N.A., as administrative agent, and the other financial institutions named therein as lenders
  - Rate: Term SOFR plus 0.10% plus an applicable margin
  - Maturity: March 7, 2030
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/320187/000032018725000008/0000320187-25-000008-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.