SEC Filing Summary: Coach, Inc. (TAPESTRY, INC.)
Business Context and Reporting Period
This Form 8-K was filed on September 9, 2014, by Coach, Inc. (now Tapestry, Inc.). The report details a material definitive agreement entered into on the same date regarding the company's credit facilities.
Key Financial Metrics
The filing does not provide specific values for revenue, profit, cash flow, margins, or current debt levels. The primary financial metric disclosed is the extension of the maturity date for the senior unsecured revolving credit facility.
Material Changes
- Credit Agreement Amendment: The company entered into Amendment No. 3 to its Credit Agreement, originally dated June 18, 2012.
- Maturity Extension: The maturity date of the senior unsecured revolving credit facility was extended from March 26, 2018, to September 9, 2019.
- Lenders: The agreement involves JPMorgan Chase Bank, N.A., as the administrative agent, and a syndicate of banks and financial institutions.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on future performance, or specific risk factors beyond the standard disclosure that lenders and their affiliates may engage in other financial transactions with the company. The full text of the Amendment is not included in this report and will be filed as an exhibit to the next Form 10-Q.
Key Facts for Investor Verification
- Verify the specific terms and covenants of Amendment No. 3 in the upcoming Form 10-Q exhibit.
- Confirm the total available capacity and current utilization of the senior unsecured revolving credit facility.
- Review the interest rate structure and fees associated with the amended credit agreement.