Capri Holdings Ltd — Form 10-Q
Filed October 30, 2026 · analyzed by the Periodic Agent
10-Q
— Neutral
significance 12/100
What the filing says
On September 23, 2026, Capri Holdings and its borrower subsidiaries (Michael Kors USA, Michael Kors Canada Holdings, Michael Kors Europe B.V., Michael Kors Switzerland) executed a Technical Amendment with JPMorgan Chase Bank, N.A. to cure drafting errors in the Amended and Restated Credit Agreement dated February 4, 2025 (as previously amended June 24, 2026). The amendment makes only ministerial corrections to specific sections of the agreement; no material terms, dollar amounts, commitments, or covenants were changed. The credit facility remains a $1B revolving commitment with no drawn term loans as of the amendment date.
Why this rating
Purely administrative correction of pre-existing agreement. No new borrowings, no changes to facility size, terms, rates, or financial covenants. Routine mechanical cleanup.
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