Vf corp on april 6, initiated transaction to incur indebtedness under its five-year revolving credit agreement

Vf corp - on april 6, initiated transaction to incur indebtedness under its five-year revolving credit agreement.vf corp - board approved a temporary fifty percent reduction in base salary for steven e. rendle.vf corp - compensation reductions will be reassessed in four months and modified as necessary.vf corp - base salaries for vf's executive leadership team will be temporarily reduced by 25 percent.vf corp - board of directors will forgo their cash retainer for next four months.vf corp - all vf offices and retail locations across north america remain closed until may 3.vf corp - retail employees will continue receiving full pay and benefits during this time.vf corp - all vf offices across emea region remain closed until may 3 with employees working remotely.vf - initiated transaction to incur indebtedness under its five-year revolving credit agreement of $1 billion, which is expected to be completed on april 9.vf corp - retail stores in region will remain closed until further notice in emea region.vf corp - across emea countries, keeping salaries at or above 95% of normal pay for office-based, wholesale and distribution center associates.vf corp - across emea countries, retail employees will still receive full pay during this time.vf corp - all employees in apac region continue to receive full pay and benefits.vf corp - intends to proceed with divestiture of its occupational workwear business as announced on january 21.
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