Simpson Thacher Represents Lead Arrangers in Connection With $1.55 Billion Credit Facilities for Kontoor Brands
05.20.19
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Simpson Thacher represented the Joint Lead Arrangers and Joint Bookrunners in connection with Kontoor Brands, Inc.’s new $1.55 billion senior secured credit facilities, consisting of a $750 million term loan A facility, a $300 million term loan B facility and a $500 million revolving credit facility. Kontoor Brands, Inc. will be a newly formed public company upon consummation of the spinoff by V.F. Corporation of its Jeanswear and VF Outlet™ businesses from its remaining businesses. Upon consummation of the spinoff, Kontoor Brands, Inc. will be a global apparel company focused on the design, manufacturing, sourcing, marketing, and distribution of its portfolio of brands, including its brands Wrangler® and Lee®.
The Simpson Thacher team included Jessica Tuchinsky, Benjamin Persina, Harini Mekala and Melissa Parres (Banking and Credit); Sergio Torres (Tax); Andrew Blau and Caitlin Grimes (ECEB); Melanie Jolson (Intellectual Property); and Michael Isby (Environmental).