---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-206186"
form_type: "8-K"
ticker: "CPRI"
cik: "0001530721"
company_name: "Capri Holdings Ltd"
filed_at: "2024-08-23T23:59:59+00:00"
generated_at: "2026-05-31T07:50:23.855967+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Capri Holdings secures $450M term loan facility to repay Nov 2024 notes

## Summary
- $450M senior unsecured delayed draw term loan added to existing revolving credit facility.
- Proceeds may be used solely to repay 4.00% senior notes due Nov 1, 2024, issued by Michael Kors (USA), Inc.
- Term loans mature 364 days after borrowing; available until Nov 1, 2024. Interest at SOFR plus margin.
- Commitment fee of 10-20 bps on unused amount starts 45 days after effective date.
- Mandatory prepayment from net proceeds of certain debt, equity, or asset sales.

## SEC filing metadata
- accession: 0001193125-24-206186
- form_type: 8-K
- ticker: CPRI
- cik: 0001530721
- company_name: Capri Holdings Ltd
- filed_at: 2024-08-23T23:59:59+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/1530721/000119312524206186/0001193125-24-206186-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1530721/000119312524206186/d227201d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-206186
- JSON: https://secwatch.observer/filing/0001193125-24-206186.json
- Plain text: https://secwatch.observer/filing/0001193125-24-206186.txt

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