secwatch.observer — SEC 8-K summary
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Issuer:     Capri Holdings Ltd (CPRI)
CIK:        0001530721
Form:       8-K
Filed at:   2024-08-23T23:59:59+00:00
Accession:  0001193125-24-206186
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1530721/000119312524206186/0001193125-24-206186-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1530721/000119312524206186/d227201d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-206186

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