Tapestry enters into $1.25B revolver and $500M term loan; conditions to redeem $400M senior notes

TAPESTRY, INC.

New $1.25B unsecured revolving credit facility and $500M delayed draw term loan facility, both maturing May 11, 2027.
New facilities replace existing $1.25B revolving credit facility dated October 24, 2019.
Conditionally redeemed $400M of 3.000% senior notes due July 2022; redemption scheduled June 15, 2022.
The $500M term loan available on or before July 8, 2022, to repay remaining obligations on notes and for general corporate purposes.
Covenants include maximum 4.0x gross leverage ratio; pricing grid based on leverage.

item 1.01 item 2.03 item 2.04 item 8.01 item 9.01

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.