8-KThe WireStrategic
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.
Filing text
View original ↗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