{"schema_version":"secwatch.filing_event.v1","accession":"0001760965-25-000022","form_type":"8-K","ticker":"KTB","cik":"0001760965","company_name":"Kontoor Brands, Inc.","filed_at":"2025-04-08T23:59:59+00:00","discovered_at":"2026-05-14T18:02:49.621052+00:00","generated_at":"2026-05-23T19:05:56.797769+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Kontoor Brands enters $1.5B credit agreement to partly fund Helly Hansen acquisition","bullets":["New facilities: $700M Tranche A-1 term loan ($340M funded at close, $360M delayed draw), $300M delayed draw Tranche A-2, and $500M revolver (undrawn at close).","Proceeds from delayed draws earmarked for portion of purchase price to acquire Helly Hansen from Canadian Tire Corporation, announced Feb 18, 2025.","Tranche A-1 and revolver mature April 8, 2030; Tranche A-2 matures April 7, 2028. Interest based on SOFR plus applicable margin.","Financial covenants: total leverage ratio ≤4.50x (step-up to 5.00x for acquisitions) and interest coverage ratio ≥3.00x.","Obligations guaranteed by certain domestic subsidiaries and secured by first-priority liens on substantially all assets of those guarantors."],"urls":{"canonical":"https://secwatch.observer/filing/0001760965-25-000022","json":"https://secwatch.observer/filing/0001760965-25-000022.json","markdown":"https://secwatch.observer/filing/0001760965-25-000022.md","text":"https://secwatch.observer/filing/0001760965-25-000022.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1760965/000176096525000022/0001760965-25-000022-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1760965/000176096525000022/ktb-20250408.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-23T19:05:56.797769+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"0257929379e66a00edc7c67286d58f3f08bc704b","claim":"Kontoor Brands, Inc. incurred revolving credit of $500.0 million revolving credit facility (the \"New Revolving Credit Facility\") with JPMorgan Chase Bank, N.A., as administrative agent at Applicable Margin plus, at the Company's option, either (i) a base rate determin maturing April 8, 2030.","evidence_excerpt":"The Second Amended and Restated Credit Agreement provides for (a) a $700.0 million term loan A facility (the \"Tranche A-1 Facility\"), $360,000,000 of which will be comprised of delayed draw term loans with the other $340,000,000 comprised of term loans made as of the Closing Date, (b) a $300,000,000 delayed draw term loan A facility (the \"Tranche A-2 Facility\") and (c) a $500.0 million revolving credit facility (the \"New Revolving Credit Facility\" and, together with the Tranche A-1 Facility and the Tranche A-2 Facility, the \"New Credit Facilities\").","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1760965/000176096525000022/0001760965-25-000022-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$500.0 million revolving credit facility (the \"New Revolving Credit Facility\")"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A., as administrative agent"},{"label":"Rate","value":"Applicable Margin plus, at the Company's option, either (i) a base rate determin"},{"label":"Maturity","value":"April 8, 2030"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"28cbe277acc354f4db1131d0bf164a08f9db1f30","claim":"Kontoor Brands, Inc. incurred credit facility of $300,000,000 delayed draw term loan A facility (the \"Tranche A-2 Facility\") with JPMorgan Chase Bank, N.A., as administrative agent at Applicable Margin plus, at the Company's option, either (i) a base rate determin maturing April 7, 2028.","evidence_excerpt":"The Second Amended and Restated Credit Agreement provides for (a) a $700.0 million term loan A facility (the \"Tranche A-1 Facility\"), $360,000,000 of which will be comprised of delayed draw term loans with the other $340,000,000 comprised of term loans made as of the Closing Date, (b) a $300,000,000 delayed draw term loan A facility (the \"Tranche A-2 Facility\") and (c) a $500.0 million revolving credit facility (the \"New Revolving Credit Facility\" and, together with the Tranche A-1 Facility and the Tranche A-2 Facility, the \"New Credit Facilities\").","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1760965/000176096525000022/0001760965-25-000022-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"$300,000,000 delayed draw term loan A facility (the \"Tranche A-2 Facility\")"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A., as administrative agent"},{"label":"Rate","value":"Applicable Margin plus, at the Company's option, either (i) a base rate determin"},{"label":"Maturity","value":"April 7, 2028"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"9d05d45949f4df4f960534e638fcda39e36e6324","claim":"Kontoor Brands, Inc. incurred credit facility of $700.0 million term loan A facility (the \"Tranche A-1 Facility\"), $360,000,000 of which will be comprised of delayed dra with JPMorgan Chase Bank, N.A., as administrative agent at Applicable Margin plus, at the Company's option, either (i) a base rate determin maturing April 8, 2030.","evidence_excerpt":"The Second Amended and Restated Credit Agreement provides for (a) a $700.0 million term loan A facility (the \"Tranche A-1 Facility\"), $360,000,000 of which will be comprised of delayed draw term loans with the other $340,000,000 comprised of term loans made as of the Closing Date, (b) a $300,000,000 delayed draw term loan A facility (the \"Tranche A-2 Facility\") and (c) a $500.0 million revolving credit facility (the \"New Revolving Credit Facility\" and, together with the Tranche A-1 Facility and the Tranche A-2 Facility, the \"New Credit Facilities\").","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1760965/000176096525000022/0001760965-25-000022-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"$700.0 million term loan A facility (the \"Tranche A-1 Facility\"), $360,000,000 of which will be comprised of delayed dra"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A., as administrative agent"},{"label":"Rate","value":"Applicable Margin plus, at the Company's option, either (i) a base rate determin"},{"label":"Maturity","value":"April 8, 2030"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}