NIKE enters $1 billion 364-day credit facility, replacing prior $1.0 billion facility
NIKE signed a new 364-day unsecured revolving credit agreement with Bank of America as administrative agent, providing up to $1 billion of borrowings that mature March 5, 2027, and it terminated its prior $1.0 billion 364-day facility on the same day. The filing states no amounts were outstanding under the prior facility and that the new agreement has no financial covenants, so the change is a renewal of existing liquidity arrangements rather than a new debt load.
Key points
- New 364-day unsecured revolving credit facility of up to $1 billion, dated March 6, 2026, maturing March 5, 2027
- Commitments can be increased to up to $1.5 billion with lender agreement
- Prior $1.0 billion 364-day credit agreement dated March 7, 2025 was terminated March 6, 2026; no amounts were outstanding under it
- U.S. dollar borrowings priced at Term SOFR plus 0.595%; the agreement contains no financial covenants
The filing
Written by AI on Nov 8, 2026, 1:42 AM ET, from this filing 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 09, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.