FilingIndex
8-KThe WireStrategic

Material Agreement · New Debt / Obligation

Filed May 21, 2025 · 1y ago · Accession 0001193125-25-124023

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): May 21, 2025     V.F. Corporation (Exact name of registrant as specified in charter)       Pennsylvania   1-5256   23-1180120 (State or Other Jurisdiction of Incorporation)   (Commission File Number)   (IRS Employer Identification No.) 1551 Wewatta Street Denver , Colorado 80202 (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 4.125% Senior Notes due 2026   VFC26   New York Stock Exchange 0.250% Senior Notes due 2028   VFC28   New York Stock Exchange 4.250% Senior Notes due 2029   VFC29   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 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). 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 1.01. Entry into a Material Definitive Agreement. On May 21, 2025 (the “Amendment Effective Date”), V.F. Corporation (the “Company” or “VF”) entered into an amendment (the “Revolver Amendment”) to its $2.25 billion senior unsecured revolving credit facility agreement that expires November 2026 (the “Revolving Credit Facility”). The Revolver Amendment (i) makes certain amendments to the definition of “Consolidated Net Worth” and the aggregate amount of non-cash impairment charges and material impacts resulting from adverse legal rulings permitted to be included in determining Consolidated Net Worth as of the last day of each fiscal quarter ending after the Amendment Effective Date for purposes of determining compliance with the Consolidated Net Indebtedness to Consolidated Net Capitalization financial covenant and (ii) requires the Company and certain of its subsidiaries to provide guarantees and grant liens on certain of their assets to secure the obligations under the Revolving Credit Facility within 120 days of the Amendment Effective Date. The foregoing description of the terms of the Revolver Amendment is not a complete description thereof and is qualified in its entirety by the full text of such agreement which is filed as Exhibit 10.1 hereto and incorporated by reference herein.   Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-balance Sheet Arrangement The information set forth under Item 1.01 of this Current Report on Form 8-K is incorporated by reference in this Item 2.03.   Item 9.01. Financial Statements and Exhibits. (d) Exhibits   Exhibit No.    Description 10.1    Amendment No. 5 to Revolving Credit Agreement, dated as of May 21, 2025, by and among V.F. Corporation, JPMorgan Chase Bank, N.A., as the Administrative Agent, the Lenders party thereto and the other parties thereto. 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 By:   /s/ Paul Vogel Name:   Paul Vogel Title:   Executive Vice President and Chief Financial Officer Date: May 21, 2025
Filing details
Company
V F CORP
Ticker
VFC
CIK
103379
Form type
8-K
Filing date
May 21, 2025
Report date
May 21, 2025
Document
d65089d8k.htm
Size
1.3 MB