---
schema_version: "secwatch.filing_event.v1"
accession: "0000950142-25-000254"
form_type: "8-K"
ticker: "CPRI"
cik: "0001530721"
company_name: "Capri Holdings Ltd"
filed_at: "2025-02-04T23:59:59+00:00"
generated_at: "2026-05-27T03:26:05.736271+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Capri Holdings enters $2.2B secured credit facilities, refinances existing debt

## Summary
- New $2.2B credit facilities: $700M term loan ($392M USD + €302M) and $1.5B revolving, maturing July 1, 2027.
- Proceeds repaid $450M delayed draw term loan (due Nov 2025) and a EUR 450M term loan from Intesa Sanpaolo.
- Facilities now secured by substantially all assets and registered IP of Capri and its U.S. subsidiaries.
- Net leverage covenant: ≤4.0x (4.5x after material acquisitions); same as prior agreement.
- Revolver interest based on public debt ratings or net leverage; unused commitment fee 7.5-17.5 bps.

## SEC filing metadata
- accession: 0000950142-25-000254
- form_type: 8-K
- ticker: CPRI
- cik: 0001530721
- company_name: Capri Holdings Ltd
- filed_at: 2025-02-04T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1530721/000095014225000254/0000950142-25-000254-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1530721/000095014225000254/eh250586085_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950142-25-000254
- JSON: https://secwatch.observer/filing/0000950142-25-000254.json
- Plain text: https://secwatch.observer/filing/0000950142-25-000254.txt

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