- PVH ( NYSE: PVH ) has refinanced its previously outstanding senior credit facilities using the proceeds from new senior credit facilities and cash on hand.
- The new credit facilities provide for upsized revolving credit facilities, with availability in an aggregate amount of $1.2B (consisting of a multicurrency facility and a Hong Kong dollar facility), and an ~€440.6M euro-denominated Term Loan A facility.
- The new Term Loan A facility and the new revolving credit facilities will mature in December 2027.
- With the closing of this transaction, PVH maintains its existing capital structure, and expects no material changes to its interest expense as a result of this transaction.
For further details see:
PVH refinances senior credit facilities