---
schema_version: "secwatch.filing_event.v1"
accession: "0000320187-26-000020"
form_type: "8-K"
ticker: "NKE"
cik: "0000320187"
company_name: "NIKE, Inc."
filed_at: "2026-03-09T23:59:59+00:00"
generated_at: "2026-05-15T18:18:24.701131+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# Nike enters $1B 364-day unsecured credit facility; terminates prior $1B facility

## Summary
- New 364-day unsecured revolving credit facility with up to $1B in borrowings; can be increased to $1.5B.
- Facility matures March 5, 2027; available for working capital, general corporate purposes, and CP backstop.
- Borrowings available in USD, CAD, EUR, GBP, JPY, and other agreed freely convertible currencies.
- Interest at Term SOFR plus 0.595% or Base Rate; no financial covenants; no amounts outstanding under prior facility.
- Prior 364-day credit agreement dated March 7, 2025 terminated concurrently; no outstanding balance.

## SEC filing metadata
- accession: 0000320187-26-000020
- form_type: 8-K
- ticker: NKE
- cik: 0000320187
- company_name: NIKE, Inc.
- filed_at: 2026-03-09T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/320187/000032018726000020/0000320187-26-000020-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/320187/000032018726000020/nke-20260306.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000320187-26-000020
- JSON: https://secwatch.observer/filing/0000320187-26-000020.json
- Plain text: https://secwatch.observer/filing/0000320187-26-000020.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 other lenders at Term SOFR plus an applicable margin of 0.595% maturing March 5, 2027.
  - Instrument: revolving credit
  - Principal: up to $1 billion
  - Counterparty: Bank of America, N.A. (as administrative agent) and other lenders
  - Rate: Term SOFR plus an applicable margin of 0.595%
  - Maturity: March 5, 2027
  - 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/320187/000032018726000020/0000320187-26-000020-index.htm
- Material Agreements
  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 2026-03-06).
  - Action: termination
  - Agreement: credit facility
  - Counterparty: the banks, financial institutions and other lenders signatory thereto
  - Value: up to $1.0 billion
  - Effective: 2026-03-06
  source text: On March 6, 2026, 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 7, 2025, 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_url: https://www.sec.gov/Archives/edgar/data/320187/000032018726000020/0000320187-26-000020-index.htm
- Material Agreements
  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 billion (effective 2026-03-06).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Bank of America, N.A., as administrative agent, and the other financial institutions named therein as lenders
  - Value: up to $1 billion
  - Effective: 2026-03-06
  source text: On March 6, 2026, NIKE, Inc. (the “Company”) entered into a 364-Day 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 billion of borrowings
  evidence_url: https://www.sec.gov/Archives/edgar/data/320187/000032018726000020/0000320187-26-000020-index.htm

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