Tapestry Inc.
Tapestry, Inc. Refinances and Replaces Existing Credit Facility with a New $2 Billion Revolving Credit Facility
Summary
On May 22, 2025, Tapestry, Inc. entered into a definitive agreement to replace its existing unsecured revolving credit facility dated May 11, 2022, with a new $2 billion unsecured revolving credit facility, set to mature on May 22, 2030. The new facility, among the Company, Bank of America, N.A. as administrative agent, and a syndicate of banks and financial institutions, includes sub-facilities for letters of credit and swing line loans. The facility aims to finance the Company's working capital needs, capital expenditures, and other general corporate purposes.
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Exhibits (1)
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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.
Official SEC Documents
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