Form 8-K · Current Report · Filed 2024-12-05
Tapestry, Inc. Announces Public Offering of Senior Unsecured Notes
On December 4, 2024, Tapestry, Inc. announced the commencement of an underwritten public offering of $1.5 billion aggregate principal amount of senior unsecured notes due 2030 and 2035. The Company intends to use the net proceeds to repay existing loans, fund share repurchases, and for general corporate purposes. The offering is expected to close on or about December 11, 2024.
- Filer
- Tapestry Inc. TPR · NYSE
- Filed
- Accession
- 0001140361-24-048469
- CIK
- 0001116132
- Signal
- Low impactConsumer Cyclical
- Source
- Official filing on sec.gov ↗
Items reported
Other Events
Financial Statements and Exhibits
Market reaction
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$63.83
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Since filing
+138.7%
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Precedent
Previous filings from TPR reporting the same item, with the next session's move:
Exhibits (3)
About Tapestry Inc.
Tapestry Inc., a prominent holding company in the fashion industry, manages luxury brands known for their upscale accessories, footwear, and apparel. Its portfolio includes celebrated names such as Coach, Kate Spade, and Stuart Weitzman, each with their unique style and market appeal. Tapestry's primary function is to oversee the growth and strategic direction of these brands, facilitating their global reach and market penetration. By focusing on design innovation and customer engagement, Tapestry maintains its influence in the luxury goods sector, appealing to a wide demographic interested in fashion-forward and high-quality products. The company places a strong emphasis on brand differentiation and enhancing customer experiences across digital and physical retail platforms. With its headquarters in New York City, Tapestry Inc. is a significant player in the retail industry, showcasing the value and trends of luxury consumer goods while striving for sustainability and social responsibility as part of its corporate ethos.
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