PVH CORP. /DE/ (PVH): debt financing — PVH Corp. enters into $250M delayed-draw term loan facility

PVH CORP. /DE/

Delayed-draw term loan facility of $250M, undrawn at closing on April 4, 2025.
Borrowings available until Feb 4, 2026; maturity April 3, 2026; minimum draw $50M.
Interest: SOFR+1.125% or base+0.125%, adjusted based on leverage/ratings.
Proceeds for working capital or general corporate purposes; commitment fee 0.125% after 91 days.
Covenant includes maximum net leverage ratio; events of default are customary.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

PVH CORP. /DE/ incurred credit facility of $250.0 million with Barclays Bank PLC at term SOFR rate plus 1.125% or base rate plus 0.125% maturing April 3, 2026.

Instrument: credit facility
Principal: $250.0 million
Counterparty: Barclays Bank PLC
Rate: term SOFR rate plus 1.125% or base rate plus 0.125%
Maturity: April 3, 2026
Event: incurrence

Exact text from the filing

On April 4, 2025 (the “Closing Date”), PVH Corp. (the “Company”) entered into a credit agreement (the “Credit Agreement”) with the lenders from time to time party thereto, certain subsidiaries of the Company from time to time party thereto and Barclays Bank PLC, as administrative agent, which Credit Agreement provides for a delayed-draw term loan facility with aggregate lending commitments of $250.0 million for senior, unsecured term loans.

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Source: SEC EDGAR

accession 0000078239-25-000024

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