secwatch.observer — SEC 8-K summary
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Issuer:     TAPESTRY, INC. (TPR)
CIK:        0001116132
Form:       8-K
Filed at:   2024-12-11T23:59:59+00:00
Accession:  0001140361-24-049035
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Tapestry closes $1.5B senior unsecured notes offering (5.100% 2030 and 5.500% 2035)
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- Issued $750M 5.100% notes due 2030 and $750M 5.500% notes due 2035.
- Proceeds with cash on hand to repay term loan and revolver borrowings used for ASR share repurchases and general purposes.
- Interest payable semi-annually on March 11 and Sept 11, starting Sept 11, 2025.
- Indenture covenants limit liens, sale-leaseback, and merger/asset transfers with exceptions.
- Lead bookrunners: BofA Securities, Morgan Stanley, and J.P. Morgan.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1116132/000114036124049035/0001140361-24-049035-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1116132/000114036124049035/ny20039258x4_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-24-049035

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