secwatch.observer — SEC 8-K summary
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Issuer:     Capri Holdings Ltd (CPRI)
CIK:        0001530721
Form:       8-K/A
Filed at:   2024-08-27T23:59:59+00:00
Accession:  0001193125-24-207759
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Capri Holdings secures $450M term loan to refinance Nov 2024 notes
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- $450M senior unsecured delayed draw term loan facility, available until Nov 1, 2024.
- Proceeds may be used solely to repay 4.00% senior notes due Nov 1, 2024.
- Term loans mature 364 days after borrowing; interest based on SOFR plus margin.
- Subject to pro forma net leverage ratio covenant of no greater than 4.0x.
- Commitment fee of 10-20 bps per annum on unused portion accrues after 45 days.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1530721/000119312524207759/0001193125-24-207759-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1530721/000119312524207759/d888077d8ka.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-207759

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