By  on February 24, 2014

Moody’s Investors Service has revised PVH Corp.’s rating outlook to “positive” from “stable” based on the accelerated reduction of the company’s debt since its acquisition of The Warnaco Group Inc. and progress in the integration of Warnaco’s operations.

PVH, which closed its purchase of Warnaco in February 2012, said last week it is seeking to amend its credit facilities to generate an additional $600 million in cash that would be used, along with cash on hand, to redeem $600 million in senior notes due in 2020 and carrying interest of 7.375 percent.

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