Levi strauss borrows $300 mln, executives take pay cuts

On april 2, 2020, company provided notice to its lenders to borrow $300.0 million under credit facility.determined to temporarily reduce base salary in effect for company's chief executive officer, charles v. bergh, by 50%.determined to temporarily reduce base salaries of other executive officers by 25%, effective on april 27, 2020.board also elected to temporarily forego its cash retainer compensation for board service.
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