secwatch.observer — SEC 8-K summary
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Issuer:     PVH CORP. /DE/ (PVH)
CIK:        0000078239
Form:       8-K
Filed at:   2025-04-25T23:59:59+00:00
Accession:  0000078239-25-000028
Event type: debt
Sentiment:  neutral
Materiality: 0.35
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/78239/000007823925000028/0000078239-25-000028-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/78239/000007823925000028/pvh-20250425.htm
  HTML page:      https://secwatch.observer/filing/0000078239-25-000028

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