Tapestry Raises $500M Via Debt Offering

Tapestry Inc TPR has announced the pricing of $500 million of 3.050% senior unsecured notes due 2032.
The offering is expected to close on December 1, 2021.
The company intends to use the offering net proceeds to purchase up to an aggregate of $500 million of its outstanding 4.250% Senior Notes due 2025 and 4.125% Senior Notes due 2027.
Price Action: TPR shares are trading higher by 0.66% at $45.89 in premarket on the last check Wednesday.