---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-23-054703"
form_type: "8-K"
ticker: "TPR"
cik: "0001116132"
company_name: "TAPESTRY, INC."
filed_at: "2023-11-27T23:59:59+00:00"
generated_at: "2026-06-07T21:19:02.990021+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Tapestry closes $6.1B senior notes offerings, fully funds $7.5B Capri acquisition financing

## Summary
- Raised $4.5B USD notes and €1.5B EUR notes, combined with $1.4B delayed draw term loans.
- All-in debt interest rate of 6.5%, consistent with expectations, supports double-digit adjusted EPS accretion.
- Terminated $6.6B bridge facility with proceeds.
- Target gross leverage below 2.5x Debt/adjusted EBITDA within 24 months post-close.
- Oversubscribed orders from hundreds of global fixed income investors.

## SEC filing metadata
- accession: 0001140361-23-054703
- form_type: 8-K
- ticker: TPR
- cik: 0001116132
- company_name: TAPESTRY, INC.
- filed_at: 2023-11-27T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1116132/000114036123054703/0001140361-23-054703-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1116132/000114036123054703/ny20014590x8_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-23-054703
- JSON: https://secwatch.observer/filing/0001140361-23-054703.json
- Plain text: https://secwatch.observer/filing/0001140361-23-054703.txt

## Key facts
- Material Agreements
  TAPESTRY, INC. entered into USD Indenture (Base Indenture dated December 1, 2021 as supplemented by Second Supplemental Indenture dated November 27, 2023) with U.S. Bank Trust Company, National Association (as successor in interest to U.S. Bank National Association) valued at $1,250,000,000 aggregate principal amount of 7.850% senior unsecured notes due 2033; $1,000,000,000 (effective 2023-11-27).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: U.S. Bank Trust Company, National Association (as successor in interest to U.S. Bank National Association)
  - Value: $1,250,000,000 aggregate principal amount of 7.850% senior unsecured notes due 2033; $1,000,000,000
  - Effective: 2023-11-27
  source text: On November 27, 2023, Tapestry, Inc. (the “ Company ”) issued $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 USD Notes, the 2028 USD Notes and the 2030 USD Notes, the “ USD Notes ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1116132/000114036123054703/0001140361-23-054703-index.htm
- Material Agreements
  TAPESTRY, INC. entered into EUR Indenture (Third Supplemental Indenture dated November 27, 2023) with U.S. Bank Trust Company, National Association and Elavon Financial Services DAC valued at €500,000,00 aggregate principal amount of 5.350% senior unsecured notes due 2025; €500,000,00 of 5.3 (effective 2023-11-27).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: U.S. Bank Trust Company, National Association and Elavon Financial Services DAC
  - Value: €500,000,00 aggregate principal amount of 5.350% senior unsecured notes due 2025; €500,000,00 of 5.3
  - Effective: 2023-11-27
  source text: On November 27, 2023, the Company issued €500,000,00 aggregate principal amount of 5.350% senior unsecured notes due 2025 (the “ 2025 EUR Notes ”), €500,000,00 aggregate principal amount of 5.375% senior unsecured notes due 2027 (the “ 2027 EUR Notes ”) and €500,000,00 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 ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1116132/000114036123054703/0001140361-23-054703-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.