Tapestry Raises $500M Via Debt Offering

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  • Tapestry Inc TPR has announced the pricing of $500 million of 3.050% senior unsecured notes due 2032.
  • The offering is expected to close on December 1, 2021.
  • The company intends to use the offering net proceeds to purchase up to an aggregate of $500 million of its outstanding 4.250% Senior Notes due 2025 and 4.125% Senior Notes due 2027.
  • Price Action: TPR shares are trading higher by 0.66% at $45.89 in premarket on the last check Wednesday.
Posted In: NewsOfferingsBriefs
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