Tapestry, Inc. announced the pricing of its offering of $750.0 million aggregate principal amount of 5.100% senior unsecured notes due 2030 and $750.0 million aggregate principal amount of 5.500% senior unsecured notes due 2035. The offering is expected to close, subject to normal closing conditions, on December 11, 2024. 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 | ||
66.75 USD | -0.60% | -0.03% | +2.17% |
Jan. 10 | TAPESTRY : Jefferies remains Buy | CF |
Jan. 08 | Wall Street's rate cut dreams wane |
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