secwatch.observer — SEC 8-K summary
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Issuer:     lululemon athletica inc. (LULU)
CIK:        0001397187
Form:       8-K
Filed at:   2021-12-17T23:59:59+00:00
Accession:  0001397187-21-000041
Event type: debt
Sentiment:  neutral
Materiality: 0.45
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

lululemon enters $400M sustainability-linked revolving credit facility
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- New five-year unsecured revolving facility of $400M matures December 14, 2026.
- Pricing tied to ESG KPIs: greenhouse gas emissions intensity and gender pay equity.
- Financial covenants: operating lease adjusted leverage ratio ≤ 3.25x and EBITDAR/interest ≥ 2.00x.
- Amends and restates prior December 2016 credit agreement with same lenders.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1397187/000139718721000041/0001397187-21-000041-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1397187/000139718721000041/lulu-20211214.htm
  HTML page:      https://secwatch.observer/filing/0001397187-21-000041

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer