PVH Corp. Announces Launch of Euro 500 Million Private Offering of Senior Notes


NEW YORK--(BUSINESS WIRE)--PVH Corp. [NYSE: PVH] today announced that it has commenced an offer to sell €500 million principal amount of senior notes due 2027 (the “2027 Notes”). The Company also delivered a Conditional Notice of Redemption to holders of its outstanding 4.50% Senior Notes due 2022 (the “2022 Notes”), at a redemption price of 102.250% of the principal amount thereof, plus accrued and unpaid interest to, but not including, the redemption date. The redemption is conditioned on the completion of the offering of the 2027 Notes in an aggregate principal amount of at least €500 million. The Company intends to use the net proceeds from the offering of the 2027 Notes, together with borrowings under its revolving credit facility and cash on hand, to fund the redemption of all of the 2022 Notes.

About PVH Corp.

With a history going back over 135 years, PVH has excelled at growing brands and businesses with rich American heritages, becoming one of the largest apparel companies in the world. We have over 35,000 associates operating in over 40 countries and over $8 billion in annual revenues. We own the iconic CALVIN KLEIN, TOMMY HILFIGER, Van Heusen, IZOD, ARROW,Speedo*, Warner’sand Olga brands, as well as the digital-centric True & Co. intimates brand, and market a variety of goods under these and other nationally and internationally known owned and licensed brands.

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