Columbia Sportswear signs $500 million unsecured revolving credit facility maturing 2031
Columbia Sportswear entered into a new $500 million unsecured revolving credit agreement with JPMorgan Chase Bank on March 19, 2026, maturing March 19, 2031, and terminated its prior 2022 credit agreement at the same time. The company had no outstanding loans under the prior facility, so the change replaces an existing credit line rather than adding debt, though the new terms include a funded debt covenant and limits on dividends and buybacks.
Key points
- New unsecured revolving credit facility of up to $500 million, maturing March 19, 2031, for working capital and general corporate purposes
- Interest set at SOFR plus a margin of 1.00% to 1.50%, or a base rate plus a margin of 0.00% to 0.50%, based on the funded debt ratio
- Funded debt ratio covenant of not greater than 3.75 to 1.00; dividends and share buybacks above $200 million annually are restricted if the ratio is 3.25 to 1.00 or higher
- Prior Credit Agreement dated July 12, 2022 was terminated; the company had no outstanding loans under it
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:38 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on March 20, 2026.
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