secwatch.observer — SEC 8-K summary
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Issuer:     TAPESTRY, INC. (TPR)
CIK:        0001116132
Form:       8-K
Filed at:   2023-11-21T23:59:59+00:00
Accession:  0001140361-23-054205
Event type: debt
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Tapestry prices $4.5B USD + €1.5B EUR notes to fund Capri acquisition
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- USD notes: $4.5B across five tranches (7.050% due 2025 through 7.850% due 2033).
- EUR notes: €1.5B across three tranches (5.350% due 2025, 5.375% due 2027, 5.875% due 2031).
- Closing expected November 27, 2023; proceeds to pay portion of Capri Acquisition consideration.
- USD and EUR offerings are not contingent on each other.
- Joint book-runners include BofA, Morgan Stanley, J.P. Morgan.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1116132/000114036123054205/0001140361-23-054205-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1116132/000114036123054205/ny20014590x7_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-23-054205

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer