secwatch.observer — SEC 8-K summary
======================================

Issuer:     NIKE, Inc. (NKE)
CIK:        0000320187
Form:       8-K
Filed at:   2025-03-10T23:59:59+00:00
Accession:  0000320187-25-000008
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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%).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/320187/000032018725000008/0000320187-25-000008-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/320187/000032018725000008/nke-20250307.htm
  HTML page:      https://secwatch.observer/filing/0000320187-25-000008

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer