secwatch.observer — SEC 8-K summary
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Issuer:     Capri Holdings Ltd (CPRI)
CIK:        0001530721
Form:       8-K
Filed at:   2026-06-25T12:01:26+00:00
Accession:  0000950142-26-001871
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Capri reduces revolver commitment to $1.0B and extends maturity to 2031
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- Reduced aggregate revolving commitments from $1.5B to $1.0B.
- Extended maturity of commitments to June 24, 2031.
- Amendment dated June 24, 2026; $125M LC sub-facility and $100M swingline loans.
- Net leverage ratio covenant remains at 4.0:1 (can increase to 4.5:1 post-acquisition).
- Interest based on alternate base rate or term SOFR plus applicable margin; unused commitment fee 10-20 bps.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1530721/000095014226001871/0000950142-26-001871-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1530721/000095014226001871/eh260798008_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950142-26-001871

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