Tapestry, Inc. announced the closing of the offering of its $750.0 million aggregate principal amount of 5.100% senior unsecured notes due 2030 and its $750.0 million aggregate principal amount of 5.500% senior unsecured notes due 2035. The Company intends to use the net proceeds from this offering, together with cash on hand, to repay outstanding loans under its term loan credit agreement and to repay borrowings under its revolving credit facility, which were used to fund the share repurchases under the Company?s accelerated share repurchase agreements, and for general corporate purposes.
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5-day change | 1st Jan Change | ||
80.38 USD | -2.21% |
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+10.20% | +23.04% |
Feb. 07 | UBS Adjusts Tapestry Price Target to $80 From $70, Maintains Neutral Rating | MT |
Feb. 07 | BMO Capital Adjusts Price Target on Tapestry to $78 From $60 | MT |

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- Tapestry, Inc. Announces Closing of $1.5 Billion Senior Unsecured Notes Offering