An update from Nike ( (NKE) ) is now available.
On March 7, 2025, Nike, Inc. entered into two significant credit agreements with Bank of America and other financial institutions. The first is a 364-Day Credit Agreement providing up to $1 billion for working capital and general corporate purposes, with the option to increase the facility to $1.5 billion. The second is a Five Year Credit Agreement offering up to $2 billion, extendable to $3 billion, also for general corporate purposes. Both agreements allow for borrowings in multiple currencies and include covenants limiting certain corporate activities. Concurrently, Nike terminated prior credit agreements of similar nature, with no outstanding amounts as of the termination date.
More about Nike
Nike, Inc. operates in the apparel and footwear industry, primarily focusing on designing, manufacturing, and marketing sportswear and athletic shoes. The company is a leading player in the global sportswear market, catering to a wide range of consumers including athletes and fitness enthusiasts.
YTD Price Performance: 4.39%
Average Trading Volume: 13,329,534
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $116.2B
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