Summary
NIKE, Inc. filed an 8-K report on April 26, 2013, to announce the completion of a significant debt offering. The company successfully raised $1 billion in aggregate principal amount through the issuance of two series of notes: $500 million in 2.250% Notes due 2023 and $500 million in 3.625% Notes due 2043. This debt issuance was conducted under the company's existing shelf registration statement and involved an underwritten public offering. The proceeds from this offering are expected to be used for general corporate purposes. Investors should note the terms of the Notes are governed by indentures with Deutsche Bank Trust Company Americas as trustee, and Deutsche Bank Securities Inc. acted as an underwriter for the offering. The filing also includes legal opinions supporting the validity of the securities.
Key Highlights
- 1NIKE, Inc. completed a $1 billion debt offering on April 26, 2013.
- 2The offering consisted of $500 million in 2.250% Notes due 2023.
- 3The offering also included $500 million in 3.625% Notes due 2043.
- 4The debt was issued under a shelf registration statement.
- 5Deutsche Bank Trust Company Americas serves as the trustee for the notes.
- 6Deutsche Bank Securities Inc., an affiliate of the trustee, was an underwriter for the offering.
- 7The filing includes the underwriting agreement and indentures as exhibits.