Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Capri Holdings Ltd incurred term loan of EUR 450 million with Intesa Sanpaolo S.p.A., Banco Nazionale del Lavoro S.p.A., and UniCredit S.p.A., as arrangers and lenders, and Intesa Sanpaolo S.p.A., as agent at greater of EURIBOR for the applicable interest period and zero, plus a margin of maturing December 5, 2025.
- Instrument
- term loan
- Principal
- EUR 450 million
- Counterparty
- Intesa Sanpaolo S.p.A., Banco Nazionale del Lavoro S.p.A., and UniCredit S.p.A., as arrangers and lenders, and Intesa Sanpaolo S.p.A., as agent
- Rate
- greater of EURIBOR for the applicable interest period and zero, plus a margin of
- Maturity
- December 5, 2025
- Event
- incurrence
Exact text from the filing
On December 5, 2022, Gianni Versace S.r.l., a wholly owned subsidiary of Capri Holdings Limited (the “Company”), entered into a credit facility (the “2022 Versace Credit Facility”) with Intesa Sanpaolo S.p.A. , Banco Nazionale del Lavoro S.p.A., and UniCredit S.p.A., as arrangers and lenders, and Intesa Sanpaolo S.p.A., as agent, which provides a senior unsecured term loan in an aggregate principal amount of EUR 450 million. The term loan is not subject to required amortization and matures on December 5, 2025. The Company provides an unsecured guaranty of the 2022 Versace Credit Facility (the “Parent Guarantee”). The term loan under the 2022 Versace Credit Facility bears interest at a rate per annum equal to the greater of EURIBOR for the applicable interest period and zero, plus a margin of 1.35%.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Capri Holdings Ltd entered into Parent Company Guarantee with Banca Nazionale del Lavoro S.p.A., Intesa Sanpaolo S.p.A. and UniCredit S.p.A. (effective 2022-12-05).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Banca Nazionale del Lavoro S.p.A., Intesa Sanpaolo S.p.A. and UniCredit S.p.A.
- Effective
- 2022-12-05
Exact text from the filing
10.2 Parent Company Guarantee by and among Capri Holdings Limited, as guarantor, Banca Nazionale del Lavoro S.p.A., Intesa Sanpaolo S.p.A. and UniCredit S.p.A., dated as of December 5, 2022.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Capri Holdings Ltd entered into Term Facility Agreement with Banca Nazionale del Lavoro S.p.A., Intesa Sanpaolo S.p.A. and UniCredit S.p.A. valued at EUR 450,000,000 (effective 2022-12-05).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Banca Nazionale del Lavoro S.p.A., Intesa Sanpaolo S.p.A. and UniCredit S.p.A.
- Value
- EUR 450,000,000
- Effective
- 2022-12-05
Exact text from the filing
10.1 Term Facility Agreement by and among Gianni Versace S.r.l., as borrower, Intesa Sanpaolo S.p.A., Banca Nazionale Del Lavoro S.p.A. and UniCredit S.p.A., as arrangers and lenders, and Intesa Sanpaolo S.p.A., as agent, dated as of December 5, 2022.
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