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New Debt / Obligation · Reg FD Disclosure

Filed Mar 23, 2020 · 6y ago · Accession 0001157523-20-000403

Plain English

Material event — a significant development the company must disclose promptly.

Read the source below for the full document.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D.C. 20549   FORM 8-K   CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934   Date of Report (Date of earliest event reported):  March 23, 2020     V. F. Corporation (Exact Name of Registrant as Specified in Charter)   Pennsylvania 001-05256 23-1180120 (State or Other Jurisdiction of Incorporation) (Commission File Number) (IRS Employer Identification No.)   8505 E. Orchard Road Greenwood Village , Colorado 80111 (Address of Principal Executive Offices)   ( 720 ) 778-4000  (Registrant’s telephone number, including area code) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:   ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))   Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, without par value, stated capital $.25 per share VFC New York Stock Exchange 0.625% Senior Notes due 2023 VFC23 New York Stock Exchange 0.250% Senior Notes due 2028 VFC28 New York Stock Exchange 0.625% Senior Notes due 2032 VFC32 New York Stock Exchange   Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).   Emerging growth company  ☐   If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ◻ Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant On March 23, 2020, V.F. Corporation (the “Company”) incurred indebtedness under its Five-Year Revolving Credit Agreement, dated December 17, 2018 (the “Credit Agreement”), among the Company, the borrowing subsidiaries party thereto, the lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent, in an aggregate principal amount of $1 billion. As a result of the incurrence described above and current outstanding commercial paper, there is approximately $1 billion unused borrowing capacity under the Credit Agreement. Item 7.01 Regulation FD Disclosure As a result of the disruption and uncertainty caused by the COVID-19 coronavirus outbreak, on March 23, 2020, the Company issued a press release announcing the partial drawdown of the revolving credit facility and withdrawal of its adjusted fiscal 2020 outlook provided on January 23, 2020. The Company is not providing an updated outlook at this time. A copy of the press release is being furnished as Exhibit 99.1 to this Current Report. Item 9.01 Financial Statements and Exhibits (d) Exhibits The following are furnished as exhibits to this report:           99.1   Press Release of V.F. Corporation, dated March 23, 2020.           104   Cover Page Interactive Data File (embedded within the Inline XBRL document).         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                   Date: March 23, 2020 By: /s/ Laura C. Meagher       Name:   Laura C. Meagher       Title:     Executive Vice President, General                     Counsel & Secretary
Filing details
Company
V F CORP
Ticker
VFC
CIK
103379
Form type
8-K
Filing date
Mar 23, 2020
Report date
Mar 23, 2020
Document
a52192650.htm
Size
228 KB