Tapestry, inc. announces commencement of senior unsecured notes offering

New york--(business wire)--tapestry, inc. (nyse: tpr) (the “company”), a house of iconic accessories and lifestyle brands consisting of coach, kate spade, and stuart weitzman, announced today that it has commenced an underwritten public offering of senior unsecured notes (the “notes”). the company intends to use the net proceeds from this offering, together with cash on hand, to repay outstanding loans under its term loan credit agreement and to repay borrowings under its revolving credit facil.
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