Simpson Thacher Represents Underwriters in €500 Million Senior Notes Offering and €500 Million Inaugural Green Bond Offering by V.F. Corporation and Dealer Managers in Concurrent Tender Offer
02.25.20
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The Firm represented the underwriters in connection with the offering by V.F. Corporation (“VFC”) of €500 million aggregate principal amount of 0.25% Green Bond Senior Notes due 2028 (the “Green Bond”) and €500 million aggregate principal amount of 0.625% Senior Notes due 2032. VFC intends to use the net proceeds of the notes offering to finance a tender offer for its outstanding 6% senior notes due 2033 and 6.45% senior notes due 2037, and to redeem its outstanding 3.5% senior notes due 2021, as well as for general corporate purposes. In addition, VFC intends to allocate an amount equal to the net proceeds received from the offering of the Green Bond to finance one or more eligible green projects. The firm also represented the dealer managers in the concurrent tender offer for its outstanding notes.
VFC is global leader in the design, production, procurement, marketing and distribution of branded lifestyle apparel, footwear and related products.
The Simpson Thacher team included David Azarkh, Matt Hart, Seth Lowinger and Juan Gonzalez (Capital Markets); Jonathan Cantor and Gal Shemer (Tax); Pasco Struhs (Executive Compensation and Employee Benefits); Jeanne Annarumma (ERISA); Marcela Robledo and Corina McIntyre (Intellectual Property); Michael Isby (Environmental); and Jennie Getsin (Blue Sky).