secwatch.observer — SEC 8-K summary
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Issuer:     PVH CORP. /DE/ (PVH)
CIK:        0000078239
Form:       8-K
Filed at:   2025-04-04T23:59:59+00:00
Accession:  0000078239-25-000024
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PVH Corp. enters into $250M delayed-draw term loan facility
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/78239/000007823925000024/0000078239-25-000024-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/78239/000007823925000024/pvh-20250404.htm
  HTML page:      https://secwatch.observer/filing/0000078239-25-000024

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