Loan & DebtJun 29, 2026, 08:07 AM
PVH Corp. Secures New €400M Term Loan and $1.5B Revolving Credit Facility
AI Summary
PVH Corp. entered into a new Credit Agreement on June 24, 2026, comprising a €400,000,000 Euro-denominated Term Loan A Facility and a US$1,500,000,000 multicurrency Revolving Credit Facility. The Euro Borrower immediately drew the €400,000,000 to repay and terminate the company's existing credit agreement dated December 9, 2022. Both new facilities mature on June 24, 2031, and PVH Corp. guarantees the Euro Borrower's obligations.
Key Highlights
- New Credit Agreement includes a €400,000,000 Euro-denominated Term Loan A Facility.
- New Credit Agreement includes a US$1,500,000,000 multicurrency Revolving Credit Facility.
- The Euro Borrower drew €400,000,000 to repay the outstanding loans under the Existing Credit Agreement.
- The Euro TLA Facility and Revolving Credit Facilities mature on June 24, 2031.
- PVH Corp. guarantees the obligations of PVH B.V. under the Credit Agreement.
- Company may add up to US$1,500,000,000 in incremental facilities or increased commitments.
- Initial applicable margin for Euro TLA Facility is 1.125%.
Price Impact
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