---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-041127"
form_type: "8-K"
ticker: "VFC"
cik: "0000103379"
company_name: "V F CORP"
filed_at: "2023-02-16T23:59:59+00:00"
generated_at: "2026-06-19T08:34:24.157874+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# VF Corp amends credit agreements to relax leverage covenants and add up to $850M in addbacks

## Summary
- Amended $2.25B revolver and $1.0B term loan to allow up to $850M aggregate addbacks for non-cash impairment charges and adverse legal rulings.
- Leverage ratio maximum: 0.70:1 through Sep 2024, 0.65:1 through Sep 2025, 0.60:1 thereafter through maturity.
- Amendments effective Feb 16, 2023; required lender consent obtained.
- Changes apply solely to Consolidated Net Indebtedness to Consolidated Net Capitalization financial covenant.

## SEC filing metadata
- accession: 0001193125-23-041127
- form_type: 8-K
- ticker: VFC
- cik: 0000103379
- company_name: V F CORP
- filed_at: 2023-02-16T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/103379/000119312523041127/0001193125-23-041127-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/103379/000119312523041127/d464382d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-041127
- JSON: https://secwatch.observer/filing/0001193125-23-041127.json
- Plain text: https://secwatch.observer/filing/0001193125-23-041127.txt

## Key facts
- Debt Financings
  V F CORP amended revolving credit of $2.25 billion maturing November 2026.
  - Instrument: revolving credit
  - Principal: $2.25 billion
  - Maturity: November 2026
  - Event: amendment
  source text: On February 16, 2023 (the “Amendment Effective Date”), V.F. Corporation (the “Company” or “VF”) entered into an amendment (the “Revolver Amendment”) to its $2.25 billion senior unsecured revolving credit facility that expires November 2026.
  evidence_url: https://www.sec.gov/Archives/edgar/data/103379/000119312523041127/0001193125-23-041127-index.htm
- Debt Financings
  V F CORP amended term loan of $1.0 billion maturing December 2024.
  - Instrument: term loan
  - Principal: $1.0 billion
  - Maturity: December 2024
  - Event: amendment
  source text: On the Amendment Effective Date, the Company entered into an amendment to its $1.0 billion delayed draw Term Loan Agreement that expires December 2024 (the “DDTL Amendment”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/103379/000119312523041127/0001193125-23-041127-index.htm
- Material Agreements
  V F CORP amended Revolver Amendment (effective 2023-02-16).
  - Action: amendment
  - Agreement: credit facility
  - Effective: 2023-02-16
  source text: V.F. Corporation (the “Company” or “VF”) entered into an amendment (the “Revolver Amendment”) to its $2.25 billion senior unsecured revolving credit facility that expires November 2026.
  evidence_url: https://www.sec.gov/Archives/edgar/data/103379/000119312523041127/0001193125-23-041127-index.htm
- Material Agreements
  V F CORP amended DDTL Amendment (effective 2023-02-16).
  - Action: amendment
  - Agreement: credit facility
  - Effective: 2023-02-16
  source text: the Company entered into an amendment to its $1.0 billion delayed draw Term Loan Agreement that expires December 2024 (the “DDTL Amendment”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/103379/000119312523041127/0001193125-23-041127-index.htm

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