Capri cuts revolving credit facility by $500M to $1.0B, extends maturity to 2031

Filed June 25, 2026 · Period ending June 24, 2026 · ~1 min read

Key Changes

• high

  Reduced revolving credit facility from $1.5B to $1.0B while extending maturity to June 2031, suggesting lower borrowing needs and improved cash generation.

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →
• high

  Must maintain net leverage ratio at or below 4.0x each quarter, with temporary increase to 4.5x allowed for up to two material acquisitions.

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →
• medium

  Facility secured by substantially all company assets including intellectual property (brand names and trademarks), giving lenders priority claims.

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →