V.F. Corp. Files 8-K on Senior Notes Indentures
Ticker: VFC · Form: 8-K · Filed: Apr 26, 2024 · CIK: 103379
Sentiment: neutral
Topics: debt, financing, disclosure
Related Tickers: VFC
TL;DR
VFC filed an 8-K detailing its senior notes due 2026, 2028, 2029, and 2032.
AI Summary
On April 25, 2024, V.F. Corporation (VFC) entered into a material definitive agreement related to its senior notes. Specifically, the company entered into an indenture for its 4.125% Senior Notes due 2026, 0.250% Senior Notes due 2028, 4.250% Senior Notes due 2029, and 0.625% Senior Notes due 2032.
Why It Matters
This filing provides transparency regarding V.F. Corporation's existing debt obligations, which can impact its financial leverage and future borrowing capacity.
Risk Assessment
Risk Level: low — The filing is a routine disclosure of existing debt agreements and does not indicate new or unexpected financial risks.
Key Numbers
- 4.125% — Senior Notes Interest Rate (Interest rate for notes due 2026)
- 0.250% — Senior Notes Interest Rate (Interest rate for notes due 2028)
- 4.250% — Senior Notes Interest Rate (Interest rate for notes due 2029)
- 0.625% — Senior Notes Interest Rate (Interest rate for notes due 2032)
Key Players & Entities
- V F CORP (company) — Filer
- 4.125% Senior Notes due 2026 (dollar_amount) — Debt Instrument
- 0.250% Senior Notes due 2028 (dollar_amount) — Debt Instrument
- 4.250% Senior Notes due 2029 (dollar_amount) — Debt Instrument
- 0.625% Senior Notes due 2032 (dollar_amount) — Debt Instrument
FAQ
What specific event triggered this 8-K filing for V.F. Corporation?
The filing was triggered by the entry into a material definitive agreement, specifically related to indentures for its senior notes.
What are the maturity dates of the senior notes mentioned in the filing?
The senior notes mentioned have maturity dates in 2026, 2028, 2029, and 2032.
What is the interest rate on the 4.125% Senior Notes due 2026?
The interest rate on the 4.125% Senior Notes due 2026 is 4.125%.
Does this filing indicate any new debt issuance or changes to existing debt terms?
This filing pertains to the indentures for existing senior notes and does not explicitly state new debt issuance or changes to terms beyond the formalization of agreements.
What is the company's primary business as indicated by its SIC code?
The company's Standard Industrial Classification (SIC) code is 2320, which corresponds to Men's & Boys' Furnishings, Work Clothing, and Allied Garments.
Filing Stats: 1,087 words · 4 min read · ~4 pages · Grade level 12.3 · Accepted 2024-04-26 16:30:58
Key Financial Figures
- $2.25 billion — dment (the "Revolver Amendment") to its $2.25 billion senior unsecured revolving credit facil
- $1,000,000,000 — about, or prior to, September 30, 2025, $1,000,000,000 and (ii) for purposes of determining Co
- $500,000,000 — t day of any subsequent fiscal quarter, $500,000,000; (x) the definition of "Applicable Rate
Filing Documents
- d755724d8k.htm (8-K) — 35KB
- d755724dex101.htm (EX-10.1) — 793KB
- 0001193125-24-118163.txt ( ) — 1173KB
- vfc-20240425.xsd (EX-101.SCH) — 5KB
- vfc-20240425_def.xml (EX-101.DEF) — 14KB
- vfc-20240425_lab.xml (EX-101.LAB) — 24KB
- vfc-20240425_pre.xml (EX-101.PRE) — 15KB
- d755724d8k_htm.xml (XML) — 9KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 10.1 Amendment No. 3 to Revolving Credit Agreement, dated as of April 25, 2024, by and among V.F. Corporation, JP Morgan Chase Bank, N.A., as the Administrative Agent, and the Lenders 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. V.F. CORPORATION By: /s/ Jennifer S. Sim Name: Jennifer S. Sim Title: Executive Vice President, General Counsel & Secretary Date: April 26, 2024