NIKE, Inc. Reports New Credit Facility and Termination of Prior Agreement
Summary
On March 6, 2026, NIKE, Inc. entered into a 364-Day Credit Agreement with Bank of America, N.A. and other financial institutions, providing an unsecured revolving credit facility of up to $1 billion for working capital and general corporate purposes. This new facility, which can be increased to $1.5 billion and matures on March 5, 2027, replaces the prior $1.0 billion Credit Agreement dated March 7, 2025. The prior facility was terminated concurrently, with no outstanding amounts, and would have expired on March 6, 2026.
Why It Matters
The entry into a new $1 billion 364-Day Credit Facility, expandable to $1.5 billion, provides NIKE, Inc. with continued access to liquidity for working capital and general corporate purposes. This agreement replaces a prior facility that expired, ensuring ongoing financial flexibility for the company.
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Key Quote
“On March 6, 2026, NIKE, Inc. (the "Company") entered into a 364-Day Credit Agreement with Bank of America, N.”
— From Item 1.01
Filing Details
Reported Items
Additional Information
- CIK Number
- 0000320187
- Filing Date
- Monday, March 9, 2026
- Filing Time
- 12:00 AM UTC
- Form Type
- 8-K
- Materiality Level
- high
- Sentiment
- neutral