PVH Corp. PVH revealed Friday that it commenced an offer to sell €350 million principal amount of senior notes due 2024. According to the company, it is selling these notes to take advantage of the current favorable interest rate environment.
PVH indicated its intention to use the net proceeds of the offering for general corporate purposes and to pay related transaction fees and expenses.
The company stated the new notes were being offered in a private offering to qualified institutional buyers in the U.S. pursuant to Rule 144A under the Securities Act of 1933 and to certain persons outside of the U.S. pursuant to Regulation S under the Securities Act. It added that the completion of the offering is subject to market and other conditions.
On Thursday, the stock ended with 0.42 percent higher.
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