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PVH prices €600M senior notes offering


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PVH prices €600M senior notes offering

PVH Corp. on Dec. 7 priced a private offering for €600 million of its senior notes due 2027. The notes will bear an interest rate of 3.125% per annum.

The announcement comes a day after the New York-based apparel maker launched an offering for €500 million amount of senior notes due 2027.

PVH said it plans to use the net proceeds of the offering, along with cash on hand, to fund the redemption of all of its outstanding 4.50% senior notes due 2022.

The offering is expected to close Dec. 21.