---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-079157"
form_type: "8-K"
ticker: "RL"
cik: "0001037038"
company_name: "RALPH LAUREN CORP"
filed_at: "2023-07-07T23:59:59+00:00"
generated_at: "2026-06-13T10:51:53.698072+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Ralph Lauren enters into $750M revolving credit facility, matures 2028, replaces existing facility

## Summary
- New $750M senior unsecured revolver (expandable to $1.5B) with JPMorgan-led syndicate, matures June 2028.
- Facility replaces $750M credit agreement dated August 2019, which was terminated on June 30, 2023.
- Proceeds for working capital, capex, acquisitions, and general corporate purposes; includes $50M letter of credit subfacility.
- Interest margins tied to credit ratings; SOFR-based loans plus spread (50-100 bps), commitment fee 4-10 bps.
- Financial covenant: consolidated debt plus operating lease obligations to EBITDA (incl. lease expense) ratio tested quarterly.

## SEC filing metadata
- accession: 0001104659-23-079157
- form_type: 8-K
- ticker: RL
- cik: 0001037038
- company_name: RALPH LAUREN CORP
- filed_at: 2023-07-07T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1037038/000110465923079157/0001104659-23-079157-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1037038/000110465923079157/tm2320755d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-079157
- JSON: https://secwatch.observer/filing/0001104659-23-079157.json
- Plain text: https://secwatch.observer/filing/0001104659-23-079157.txt

## Key facts
- Debt Financings
  RALPH LAUREN CORP incurred revolving credit of up to $750 million with JPMorgan Chase Bank, N.A. maturing June 2028.
  - Instrument: revolving credit
  - Principal: up to $750 million
  - Counterparty: JPMorgan Chase Bank, N.A.
  - Maturity: June 2028
  - Event: incurrence
  source text: The Agreement provides for a five-year, with options for extension, senior revolving credit facility in an aggregate amount at any one time outstanding of up to $750 million, including sub-facilities for Letters of Credit.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1037038/000110465923079157/0001104659-23-079157-index.htm

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