Simpson Thacher Represents Underwriters in $3 Billion Senior Notes Offering by V.F. Corporation
04.23.20
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The Firm represented the underwriters in connection with the offering by V.F. Corporation (“VFC”) of $1 billion aggregate principal amount of 2.05% Senior Notes due 2022, $750 million aggregate principal amount of 2.4% Senior Notes due 2025, $500 million aggregate principal amount of 2.8% Senior Notes due 2027 and $750 million aggregate principal amount of 2.95% Senior Notes due 2030. VFC intends to use the net proceeds from the debt offering to repay the borrowings under its senior unsecured revolving credit facility. VFC intends to use any remaining net proceeds for general corporate purposes.
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, Rick Titcomb and Grant Gannon (Capital Markets); Jonathan Cantor and Gal Shemer (Tax); Pasco Struhs (Executive Compensation and Employee Benefits); Jeanne Annarumma (ERISA); Genevieve Dorment and Corina McIntyre (Intellectual Property); Michael Isby (Environmental); and Jennie Getsin (Blue Sky).