Kool-Aid and Nike Launch Sneaker Collaboration Featuring Ja Morant

Kraft Heinz announced a colorful collaboration between its iconic Kool-Aid brand and Nike, unveiling the Nike x Kool-Aid Ja 2 sneaker collection. Inspired by NBA star Ja Morant’s childhood memories and favorite Kool-Aid flavors, the limited-edition sneakers combine nostalgia, sneaker culture, and vibrant self-expression.

The collaboration’s first sneaker drop, set for May 16 via the SNKRS app and select retailers, features a bold two-tone gradient in Blue Raspberry, Cherry, Orange, and Lemon Lime. It includes playful design elements like the Kool-Aid Man, the phrase “Ohhh Yeah!,” Ja’s “12 AM” text, and a glow-in-the-dark outsole. A second drop in July will spotlight Kool-Aid’s signature red and continue the line’s energetic theme.

In conjunction with the launch, Kool-Aid will release its first new flavor pack in over five years. The Mix n’ Kicks combo lets fans combine four classic flavors to match the sneakers’ mix-and-match concept. Fans can also enter to win themed dubraes and laces to personalize their shoes.

NIKE, Inc. Announces New Credit Agreements and Termination of Prior Facilities
Beaverton, OR – March 7, 2025 – NIKE, Inc. (NYSE: NKE) has entered into two new credit agreements to support its working capital and corporate financing strategies, replacing its prior agreements.

Key Highlights:
1. 364-Day Credit Facility
Total Facility: Up to $1 billion in unsecured revolving credit.
Purpose: General corporate use, including commercial paper issuance.
Borrowing Currencies: USD, CAD, EUR, GBP, JPY, and other freely convertible currencies.
Maturity Date: March 6, 2026 (with extension/conversion options).
Interest Rates:
Term SOFR + 0.10% + applicable margin (0.3575% - 0.690%).
Base rate alternative: Bank of America Prime Rate, Federal Funds Rate + 0.50%, or 1-month SOFR + 1.00%.
2. Five-Year Credit Facility
Total Facility: Up to $2 billion in unsecured revolving credit.
Purpose: General corporate use, including commercial paper issuance.
Borrowing Currencies: USD, CAD, EUR, GBP, JPY, and other freely convertible currencies.
Maturity Date: March 7, 2030 (extendable to March 7, 2032).
Interest Rates:
Term SOFR + 0.10% + applicable margin (0.345% - 0.680%).
Base rate alternative: Bank of America Prime Rate, Federal Funds Rate + 0.50%, or 1-month SOFR + 1.00%.
Termination of Prior Credit Agreements
1. 364-Day Credit Agreement (2024)
Replaced by the new facility.
Prior expiration date: March 7, 2025.
No outstanding balance at termination.
2. Five-Year Credit Agreement (2022, Amended 2024)
Replaced by the new facility.
Prior expiration date: March 2027.
No outstanding balance at termination.
Summary
NIKE has successfully renewed and expanded its credit facilities to ensure financial flexibility. These unsecured revolving credit agreements will support the company’s liquidity, growth strategies, and financial stability.