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PVH Corp (PVH) just unveiled an announcement.
PVH Corp. successfully completed a public offering of €525 million in Senior Notes with a 4.125% interest rate, set to mature in 2029. Concurrently, the company announced the redemption of its 3⅝% Senior Notes due in 2024, using the proceeds from the new offering to fully redeem these notes. This strategic financial maneuver allows PVH Corp. to refinance its debt, taking advantage of the terms detailed in their 2016 agreement with U.S. Bank Trust Company and Elavon Financial Services.
Learn more about PVH stock on TipRanks’ Stock Analysis page.