secwatch.observer — SEC 8-K summary
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Issuer:     Kontoor Brands, Inc. (KTB)
CIK:        0001760965
Form:       8-K
Filed at:   2025-02-21T23:59:59+00:00
Accession:  0001760965-25-000007
Event type: m_and_a
Sentiment:  positive
Materiality: 0.95
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud

Kontoor Brands to acquire Helly Hansen from Canadian Tire for approximately $900 million
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- Kontoor Brands (KTB) will acquire 100% of Helly Hansen from Canadian Tire Corporation for $900 million in cash and debt.
- Helly Hansen expected to generate over $680 million in revenue and $80 million in adjusted EBITDA in full year 2025.
- Transaction expected to close in second fiscal quarter of 2025, subject to regulatory approvals and customary conditions.
- Kontoor plans to finance the acquisition with excess cash on hand and new debt, targeting net leverage below 3x pro forma EBITDA.
- Morgan Stanley & Co. LLC served as financial advisor and Foley & Lardner LLP as legal advisor to Kontoor Brands.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1760965/000176096525000007/0001760965-25-000007-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1760965/000176096525000007/ktb-20250218.htm
  HTML page:      https://secwatch.observer/filing/0001760965-25-000007

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