PVH Corp enters $450M delayed-draw term loan credit agreement with Barclays

PVH CORP. /DE/

The facility provides $450M in senior unsecured term loans, undrawn at closing on April 25, 2025.
Loans may be drawn until October 17, 2025; maturity on April 3, 2026; no amortization.
Proceeds for working capital, general corporate purposes, including refinancing 4.625% Senior Notes due 2025.
Interest: Term SOFR + 1.125% or base rate + 0.125% initially; commitment fee 0.125% on undrawn portion.
Covenant includes maximum net leverage ratio; subject to customary events of default.

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