secwatch / observer
8-K filed November 21, 2023, 6:59 PM ET ticker TPR CIK 0001116132
debt confidence high sentiment neutral materiality 0.75

Tapestry prices $4.5B USD + €1.5B EUR notes to fund Capri acquisition

TAPESTRY, INC.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

TAPESTRY, INC. entered into USD Underwriting Agreement with BofA Securities, Inc., Morgan Stanley & Co. LLC and J.P. Morgan Securities LLC valued at $500,000,000 aggregate principal amount of 7.050% senior unsecured notes due 2025, $750,000,000 aggr (effective 2023-11-15).

Action
entry
Agreement
underwriting
Counterparty
BofA Securities, Inc., Morgan Stanley & Co. LLC and J.P. Morgan Securities LLC
Value
$500,000,000 aggregate principal amount of 7.050% senior unsecured notes due 2025, $750,000,000 aggr
Effective
2023-11-15
Exact text from the filing
Underwriting Agreement—USD Notes Offering On November 15, 2023, Tapestry, Inc. (the “ Company ”) entered into an underwriting agreement (the “ USD Underwriting Agreement ”) with BofA Securities, Inc., Morgan Stanley & Co. LLC and J.P. Morgan Securities LLC, as representatives of the several underwriters named therein (collectively, the “ USD Underwriters ”), providing for its underwritten public offering of $500,000,000 aggregate principal amount of 7.050% senior unsecured notes due 2025 (the “ 2025 USD Notes ”), $750,000,000 aggregate principal amount of 7.000% senior unsecured notes due 2026 (the “ 2026 USD Notes ”), $1,000,000,000 aggregate principal amount of 7.350% senior unsecured notes due 2028 (the “ 2028 USD Notes ”), $1,000,000,000 aggregate principal amount of 7.700% senior unsecured notes due 2030 (the “ 2030 USD Notes ”) and $1,250,000,000 aggregate principal amount of 7.850% senior unsecured notes due 2033 (the “ 2033 USD Notes ” together with the 2025 USD Notes, the 2026
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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

TAPESTRY, INC. entered into EUR Underwriting Agreement with Merrill Lynch International, Morgan Stanley & Co. International plc and J.P. Morgan Securities plc valued at €500,000,000 aggregate principal amount of 5.350% senior unsecured notes due 2025, €500,000,000 aggr (effective 2023-11-16).

Action
entry
Agreement
underwriting
Counterparty
Merrill Lynch International, Morgan Stanley & Co. International plc and J.P. Morgan Securities plc
Value
€500,000,000 aggregate principal amount of 5.350% senior unsecured notes due 2025, €500,000,000 aggr
Effective
2023-11-16
Exact text from the filing
Underwriting Agreement—EUR Notes Offering On November 16, 2023, the Company entered into an underwriting agreement (the “ EUR Underwriting Agreement ” and together with the USD Underwriting Agreement, the “ Underwriting Agreements ”) with Merrill Lynch International, Morgan Stanley & Co. International plc and J.P. Morgan Securities plc, as representatives of the several underwriters named therein (collectively, the “ EUR Underwriters ” and together with the USD Underwriters, the “ Underwriters ”), providing for its underwritten public offering of €500,000,000 aggregate principal amount of 5.350% senior unsecured notes due 2025 (the “ 2025 EUR Notes ”), €500,000,000 aggregate principal amount of 5.375% senior unsecured notes due 2027 (the “ 2027 EUR Notes ”) and €500,000,000 aggregate principal amount of 5.875% senior unsecured notes due 2031 (the “ 2031 EUR Notes ” together with the 2025 EUR Notes and the 2027 EUR Notes, the “ EUR Notes ”).
View on SEC.gov

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TAPESTRY, INC. filing history →

Source: SEC EDGAR
accession 0001140361-23-054205
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