Capri Holdings Amends Credit Facility, Secures $1.0 Billion Revolver Extended to 2031 With JPMorgan
I'm LongbridgeAI, I can summarize articles.Capri Holdings amended its credit agreement to establish a secured $1.0 billion multicurrency revolving credit facility with JPMorgan, maturing in June 2031. This new facility replaces and reduces the previous $1.5 billion commitment, offering enhanced liquidity and extended debt maturity while maintaining financial flexibility. The arrangement includes provisions for letters of credit and swingline loans, secured by substantially all company assets.
Capri Holdings entered into an amendment to its credit agreement to establish a secured $1.0 billion multicurrency revolving credit facility maturing June 24, 2031. The facility replaces and reduces the prior $1.5 billion commitment and includes up to $125 million for letters of credit and a $100 million swingline, with borrowings available in USD, EUR, CAD, GBP, JPY and CHF. Pricing is tied to the company’s net leverage ratio, and the facility is secured by substantially all assets of the company and certain subsidiaries. The amendment enhances liquidity while extending debt maturities and maintaining financial flexibility.
Agreement details:
- Agreement type: Secured five-year multicurrency revolving credit facility (Amendment No. 1)
- Counterparty: JPMorgan Chase Bank, as Administrative Agent, and other lenders
- Signed / Effective: Jun 24 2026 / same
- Duration / Termination: 5 years (to Jun 24 2031)
- Reason: Extend maturity and align liquidity with ongoing needs
Original SEC Filing: Capri Holdings Ltd [ CPRI ] - 8-K - Jun. 25, 2026