---
schema_version: "secwatch.filing_event.v1"
accession: "0000950142-22-002064"
form_type: "8-K"
ticker: "CPRI"
cik: "0001530721"
company_name: "Capri Holdings Ltd"
filed_at: "2022-07-01T23:59:59+00:00"
generated_at: "2026-06-24T21:40:59.967318+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Capri Holdings enters new $1.5B revolver credit facility, replacing prior facility

## Summary
- New $1.5B revolving credit facility with JPMorgan Chase as administrative agent, maturing T+5 years.
- Facility replaces prior 2017 credit agreement; allows multi-currency borrowing and up to $500M expansion option.
- Requires net leverage ratio ≤4.0x; interest based on SOFR, prime, or foreign benchmarks plus margin based on debt ratings.
- Includes letter of credit subfacility ($125M) and swingline loans ($100M).
- Effective July 1, 2022; proceeds for working capital and general corporate purposes.

## SEC filing metadata
- accession: 0000950142-22-002064
- form_type: 8-K
- ticker: CPRI
- cik: 0001530721
- company_name: Capri Holdings Ltd
- filed_at: 2022-07-01T23:59:59+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/1530721/000095014222002064/0000950142-22-002064-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1530721/000095014222002064/eh220266081_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950142-22-002064
- JSON: https://secwatch.observer/filing/0000950142-22-002064.json
- Plain text: https://secwatch.observer/filing/0000950142-22-002064.txt

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