Tapestry, Inc. Prices Senior Unsecured Notes Offering
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Tapestry, Inc. has announced the pricing of its $1.5 billion senior unsecured notes offering, with notes due in 2030 and 2035. The offering is expected to close on December 11, 2024.
December 04, 2024 | 11:00 pm
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Tapestry, Inc. has priced $1.5 billion in senior unsecured notes, with $750 million due in 2030 at 5.100% and $750 million due in 2035 at 5.500%. The offering is set to close on December 11, 2024.
The pricing of senior unsecured notes indicates Tapestry's strategy to raise capital, which could be used for various corporate purposes. The impact on stock price is neutral in the short term as it doesn't directly affect earnings or operations immediately.
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