Financing ·
On June 24, 2026, Capri Holdings Ltd entered into Amendment No. 1 to its Amended and Restated Credit Agreement with…
CPRICapri Holdings Ltd
On June 24, 2026, Capri Holdings Ltd entered into Amendment No. 1 to its Amended and Restated Credit Agreement with JPMorgan Chase Bank, N.A. as administrative agent. The amendment reduces the aggregate commitments of the revolving credit facility from $1.5 billion to $1.0 billion and extends the maturity date to June 24, 2031. The facility is secured by liens on substantially all assets and registered intellectual property of the company and its borrowing subsidiaries. The agreement maintains a maximum net leverage ratio of 4.0 to 1, with a conditional increase to 4.5 to 1 for four quarters following a material acquisition. Capri Holdings Ltd operates in the luxury fashion industry and manages a portfolio of global fashion brands.