secwatch.observer — SEC 8-K summary
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Issuer:     NIKE, Inc. (NKE)
CIK:        0000320187
Form:       8-K
Filed at:   2026-03-09T23:59:59+00:00
Accession:  0000320187-26-000020
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 $1B 364-day unsecured credit facility; terminates prior $1B facility
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/320187/000032018726000020/0000320187-26-000020-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/320187/000032018726000020/nke-20260306.htm
  HTML page:      https://secwatch.observer/filing/0000320187-26-000020

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