debt
confidence high
sentiment neutral
materiality 0.45
Ralph Lauren issues $500M of 5.000% Senior Notes due 2032
RALPH LAUREN CORP
- Issued $500M unsecured 5.000% Senior Notes maturing June 15, 2032, interest paid semiannually.
- Underwriting agreement with BofA, Deutsche Bank, J.P. Morgan as representatives.
- Net proceeds for general corporate purposes, may repay $400M of 3.750% notes due Sept 2025.
- Notes rank equally with existing unsecured unsubordinated debt; redeemable at par after April 15, 2032.
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