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Tapestry ( (TPR) ) has issued an announcement.
Tapestry, Inc. announced the closing of its $1.5 billion senior unsecured notes offering, divided into $750 million notes due 2030 and $750 million notes due 2035. The proceeds from this offering will be used to repay outstanding loans and borrowings, and for general corporate purposes, enhancing Tapestry’s financial flexibility and potentially impacting its market position positively.
More about Tapestry
Tapestry, Inc. is a global house of iconic accessories and lifestyle brands, including Coach, Kate Spade, and Stuart Weitzman. The company focuses on creating innovative and authentic products, offering distinct customer experiences across various channels and geographies. Tapestry is committed to sustainability, equity, inclusion, and diversity within the fashion industry.
YTD Price Performance: 71.77%
Average Trading Volume: 4,066,207
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $14.31B
Find detailed analytics on TPR stock on TipRanks’ Stock Analysis page.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
