secwatch.observer — SEC 8-K summary
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Issuer:     V F CORP (VFC)
CIK:        0000103379
Form:       8-K
Filed at:   2023-02-16T23:59:59+00:00
Accession:  0001193125-23-041127
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/103379/000119312523041127/0001193125-23-041127-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/103379/000119312523041127/d464382d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-041127

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