Levi Strauss Enters New Credit Agreement
Ticker: LEVI · Form: 8-K · Filed: Nov 12, 2024 · CIK: 94845
Sentiment: neutral
Topics: financing, debt
Related Tickers: LEVI
TL;DR
Levi Strauss just signed a new credit deal, locking in financing.
AI Summary
On November 8, 2024, Levi Strauss & Co. entered into a material definitive agreement, specifically a credit agreement, which creates a direct financial obligation for the company. The filing details the terms of this agreement, which is a significant financial undertaking for the registrant.
Why It Matters
This new credit agreement signifies a change in Levi Strauss & Co.'s financing structure, potentially impacting its liquidity and future investment capabilities.
Risk Assessment
Risk Level: low — The filing reports on a standard credit agreement, which is a routine financial activity for a company of this size and does not inherently indicate distress or unusual risk.
Key Players & Entities
- LEVI STRAUSS & CO. (company) — Registrant
- November 8, 2024 (date) — Date of earliest event reported
- 1155 BATTERY STREET (address) — Principal executive offices
- SAN FRANCISCO (city) — Principal executive offices
- CALIFORNIA (state) — Principal executive offices
- 94111 (zip_code) — Principal executive offices
- 415-501-6000 (phone_number) — Registrant's telephone number
FAQ
What type of material definitive agreement did Levi Strauss & Co. enter into?
Levi Strauss & Co. entered into a credit agreement, as indicated by the 'Entry into a Material Definitive Agreement' and 'Creation of a Direct Financial Obligation' items.
On what date was the earliest event reported in this 8-K filing?
The earliest event reported was on November 8, 2024.
What is the principal executive office address for Levi Strauss & Co.?
The principal executive office address is 1155 Battery Street, San Francisco, California 94111.
What is the registrant's telephone number?
The registrant's telephone number is (415) 501-6000.
What SEC Act is this filing pursuant to?
This filing is a Current Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.
Filing Stats: 818 words · 3 min read · ~3 pages · Grade level 11 · Accepted 2024-11-12 16:07:54
Key Financial Figures
- $0.001 — stered Class A Common Stock, par value $0.001 per share LEVI New York Stock Excha
- $150,000,000 — to November 2029 and (ii) resetting the $150,000,000 accordion option that allows for an inc
- $1,150,000,000 — he total available commitments of up to $1,150,000,000 in the aggregate. Other terms of the
Filing Documents
- d898891d8k.htm (8-K) — 27KB
- d898891dex101.htm (EX-10.1) — 1039KB
- g898891dsp37a.jpg (GRAPHIC) — 3KB
- 0001193125-24-255938.txt ( ) — 1429KB
- levi-20241108.xsd (EX-101.SCH) — 3KB
- levi-20241108_lab.xml (EX-101.LAB) — 17KB
- levi-20241108_pre.xml (EX-101.PRE) — 11KB
- d898891d8k_htm.xml (XML) — 4KB
Financial Statements and Exhibits
Financial Statements and Exhibits (d) Exhibits. 10.1 Amendment No. 8 to Second Amended and Restated Credit Agreement, dated as of November 8, 2024, by and among the Company, LS Canada, certain other subsidiaries of the Company party thereto, the Agents, and the other financial institutions, agents and arrangers party thereto. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. DATE: November 12, 2024 LEVI STRAUSS & CO. By: /s/ DAVID JEDRZEJEK Name: David Jedrzejek Title: Senior Vice President and General Counsel