debt
confidence high
sentiment neutral
materiality 0.60
VF Corp issues €1B in senior notes with 4.125% and 4.250% coupons, maturing 2026/2029
V F CORP
- Closed sale of €500M 4.125% Senior Notes due 2026 and €500M 4.250% Senior Notes due 2029.
- Net proceeds of ~€990.5M after underwriting discount and expenses.
- Proceeds to be used for general corporate purposes, including repayment of commercial paper borrowings.
- €500M from 2029 Notes allocated to Eligible Projects under UN Sustainable Development Goals (e.g., renewable energy, energy efficiency).
- Notes are unsecured, rank equally with other unsecured debt, and are redeemable at issuer's option.