Tapestry prices $1.5B senior unsecured notes in two tranches at 5.100% and 5.500%

TAPESTRY, INC.

$750M of 5.100% notes due 2030 and $750M of 5.500% notes due 2035 priced for public offering.
Net proceeds plus cash on hand to repay term loan and revolver borrowings used for share repurchases.
Offering expected to close December 11, 2024, underwritten by BofA, Morgan Stanley, and J.P. Morgan.
Notes are unsecured and registered under automatic shelf registration statement on Form S-3.

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