secwatch.observer — SEC 8-K summary
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Issuer:     COLUMBIA SPORTSWEAR CO (COLM)
CIK:        0001050797
Form:       8-K
Filed at:   2022-07-18T23:59:59+00:00
Accession:  0001050797-22-000052
Event type: other
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Columbia Sportswear enters $500M unsecured revolving credit facility maturing 2027
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- Credit agreement with JPMorgan Chase as admin agent provides up to $500M for working capital & general corporate purposes.
- Matures July 12, 2027; borrowings bear interest at SOFR plus 1.00%-1.50% or base rate plus 0.00%-0.50%.
- Financial covenant requires funded debt ratio <=3.75:1; domestic cash can be netted from obligations.
- Restricted payments (dividends, buybacks) capped at $200M annually if funded debt ratio >=3.25:1.
- Prior $500M credit agreement dated Dec 30, 2020 was terminated; all outstanding obligations repaid.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1050797/000105079722000052/0001050797-22-000052-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1050797/000105079722000052/colm-20220712.htm
  HTML page:      https://secwatch.observer/filing/0001050797-22-000052

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