---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-22-018834"
form_type: "8-K"
ticker: "TPR"
cik: "0001116132"
company_name: "TAPESTRY, INC."
filed_at: "2022-05-12T23:59:59+00:00"
generated_at: "2026-06-25T17:40:16.618429+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Tapestry enters into $1.25B revolver and $500M term loan; conditions to redeem $400M senior notes

## Summary
- New $1.25B unsecured revolving credit facility and $500M delayed draw term loan facility, both maturing May 11, 2027.
- New facilities replace existing $1.25B revolving credit facility dated October 24, 2019.
- Conditionally redeemed $400M of 3.000% senior notes due July 2022; redemption scheduled June 15, 2022.
- The $500M term loan available on or before July 8, 2022, to repay remaining obligations on notes and for general corporate purposes.
- Covenants include maximum 4.0x gross leverage ratio; pricing grid based on leverage.

## SEC filing metadata
- accession: 0001140361-22-018834
- form_type: 8-K
- ticker: TPR
- cik: 0001116132
- company_name: TAPESTRY, INC.
- filed_at: 2022-05-12T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 2.04, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1116132/000114036122018834/0001140361-22-018834-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1116132/000114036122018834/ny20004200x2_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-22-018834
- JSON: https://secwatch.observer/filing/0001140361-22-018834.json
- Plain text: https://secwatch.observer/filing/0001140361-22-018834.txt

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