PVH Corp. will sell 350 million euro of senior notes due 2024 in a private offering.
The company said it is selling the notes to take advantage of the current favorable interest rate environment. PVH said it would use the net proceeds from the offering for general corporate purposes and to pay related transaction fees and expenses.
The notes will be privately offered to qualified institutional buyers in the U.S. and to certain persons outside of the U.S. The company said the notes will not be registered, and completion of the offering is subject to market and other conditions.
PVH, which has over 30,000 associates in over 40 countries, posted over $8 billion in revenues in 2015. The company will be holding its annual shareholders’ meeting in Manhattan on June 16.