debt
confidence high
sentiment neutral
materiality 0.50
PVH issues $500M 5.500% Senior Notes due 2030 to refinance existing 2025 notes
PVH CORP. /DE/
- Completed $500M aggregate principal of 5.500% Senior Notes due June 13, 2030.
- Interest payable semi-annually on June 13 and December 13, beginning December 13, 2025.
- Net proceeds estimated at $489.6M; to repay $500M 4⅝% Senior Notes due 2025.
- Underwriting agreement with Barclays, BofA Securities, Citigroup, J.P. Morgan, Mizuho.
- Notes are unsecured unsubordinated obligations ranking equally with existing unsecured debt.
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