V F CORP (VFC): debt financing — VFC enters $1.5B secured revolving credit facility replacing old facility; matures August 2030

V F CORP

Facility size $1.5B with accordion up to $2.0B, secured by receivables and inventory.
Includes $100M letter of credit, $100M swing-line, $400M Swiss subfacility and $75M German subfacility.
Maturity date August 26, 2030; replaces $1.5B unsecured revolver dated November 2021.
Old facility fully repaid and commitments terminated on August 27, 2025.
Interest rates: Base Rate plus 0.50-1.00% or Term SOFR/CORRA/etc. plus 1.50-2.00%.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

V F CORP incurred revolving credit of $1.50 billion with Wells Fargo Bank, National Association at Term SOFR plus the applicable margin maturing August 26, 2030.

Instrument: revolving credit
Principal: $1.50 billion
Counterparty: Wells Fargo Bank, National Association
Rate: Term SOFR plus the applicable margin
Maturity: August 26, 2030
Event: incurrence

Exact text from the filing

the Company’s previous Five-Year Revolving Credit Agreement, dated November 24, 2021 (as amended, the “Terminated Agreement”). The Credit Agreement provides the Company with a $1.50 billion senior secured revolving credit facility (the “Credit Facility”), subject to a borrowing base that is composed of eligible credit card receivables, eligible wholesale

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Source: SEC EDGAR

accession 0001193125-25-189877

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