secwatch.observer — SEC 8-K summary
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Issuer:     Under Armour, Inc. (UAA)
CIK:        0001336917
Form:       8-K
Filed at:   2021-12-08T23:59:59+00:00
Accession:  0001193125-21-351472
Event type: debt
Sentiment:  positive
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Under Armour amends credit facility, extends maturity to Dec 2026 and reduces margins
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- Revolving credit facility of $1.1B unchanged; maturity extended to Dec 3, 2026 from Mar 8, 2024.
- Interest margins lowered: alternate base rate range 0.00%-0.75%, term/risk-free rate range 1.00%-1.75%.
- Commitment fees on unused amount reduced to 0.15%-0.25% from prior grid.
- Collateral and guarantee requirements fall away upon achieving investment-grade rating from two agencies.
- SOFR adopted as replacement for LIBOR benchmark for USD borrowings.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1336917/000119312521351472/0001193125-21-351472-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1336917/000119312521351472/d195608d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-351472

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