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0.00623052959501563 -0.00519210799584639 0.0581516095534788 0.128764278296989 0.0830737279335409 0.101765316718588 0.0789200415368639 0.0342782969885773
Stock impact report

Capri Holdings Limited Amends Revolving and Term Loan Credit Agreement

Capri Holdings Limited Ordinary Shares (CPRI) 
Last capri holdings limited ordinary shares earnings: 2/5 06:30 am Check Earnings Report
Company Research Source: Business Wire
LONDON--(BUSINESS WIRE)--Capri Holdings Limited (NYSE:CPRI), a global fashion luxury group, today announced it amended the Company’s Revolving and Term Loan Credit Agreement.This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200320005490/en/VERSACE (Photo: Business Wire)The maturity of Tranche A-1 Term Loans due in December 2020 was extended to December 2023 for $267 million of the outstanding balance of $315 million. The remaining $48 million for Tranche A-1 is the Company’s only debt maturity prior to 2023. The Tranche A-2 Term Loan, with a current balance of $700 million, and the Revolving Credit Facility continue to have maturity dates of December and November 2023, respectively.In addition, the leverage ratio covenant metric for the Revolving Credit Facility has been modified to take into account operating lease liability as defined by the new lease accounting standard (ASC 842) instead of using 6x rent expense. Based Show less Read more
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