Capri Holdings draws remaining $300 million available under revolver

By Sarah Lizee

Olympia, Wash., April 6 – Capri Holdings Ltd. drew down in full the remaining $300 million available under its revolving credit facility on April 1, according to a press release.

As of April 1, the company’s total revolver debt was $1 billion.

JPMorgan Chase Bank, NA is the administrative agent.

Loans may be prepaid and commitments may be terminated or reduced by the borrowers without premium or penalty other than customary breakage costs with respect to loans bearing interest based upon adjusted Libor or the CDOR rate.

As of April 1, the company had total cash and cash equivalents on its balance sheet of about $900 million, according to a press release.

The luxury fashion products company is headquartered in New York.

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