Tapestry, inc. announces closing of $1.5 billion senior unsecured notes offering

New york--(business wire)--tapestry, inc. (nyse: tpr), a house of iconic accessories and lifestyle brands consisting of coach, kate spade, and stuart weitzman, announced the closing of the offering of its $750.0 million aggregate principal amount of 5.100% senior unsecured notes due 2030 and its $750.0 million aggregate principal amount of 5.500% senior unsecured notes due 2035. the company intends to use the net proceeds from this offering, together with cash on hand, to repay outstanding loan.
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