PVH CORP. /DE/ (PVH): debt financing — 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.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.95

PVH CORP. /DE/ incurred credit facility of aggregate lending commitments of $450.0 million with Barclays Bank PLC at term SOFR rate plus 1.125% maturing April 3, 2026.

Instrument: credit facility
Principal: aggregate lending commitments of $450.0 million
Counterparty: Barclays Bank PLC
Rate: term SOFR rate plus 1.125%
Maturity: April 3, 2026
Event: incurrence

Exact text from the filing

Credit Agreement provides for a delayed-draw term loan facility with aggregate lending commitments of $450.0 million for senior, unsecured term loans.

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Source: SEC EDGAR

accession 0000078239-25-000028

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