V F CORP (VFC): M&A transaction — VF Corp completes sale of Supreme® brand to EssilorLuxottica for $1.5B

V F CORP

Sale of Supreme® to EssilorLuxottica for base purchase price of $1.5B in cash, subject to customary adjustments.
VF will prepay certain indebtedness under its Term Loan Agreement with net cash proceeds within ten business days.
All relevant competition authorities cleared the transaction; closing occurred October 1, 2024.
The sale was previously announced on July 16, 2024; press release confirming completion issued October 2.

item 2.01 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

V F CORP completed a disposition involving EssilorLuxottica S.A. for $1,500,000,000 (closed 2024-10-01).

Action: disposition
Counterparty: EssilorLuxottica S.A.
Consideration: $1,500,000,000
Closing: 2024-10-01

Exact text from the filing

Purchase Agreement (the “ Purchase Agreement ”), dated as of July 16, 2024, between VF and Buyer (the “ Disposition ”). Buyer paid to VF an aggregate base purchase price of $1,500,000,000, subject to customary adjustments for cash, indebtedness, working capital and transaction expenses as more fully set forth in the Purchase Agreement. VF will prepay certain

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Source: SEC EDGAR

accession 0001193125-24-230625

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