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Published on 3/28/2019 in the Prospect News Bank Loan Daily, Prospect News High Yield Daily and Prospect News Liability Management Daily.

PVH intends to pay down a minimum of $150 million of debt in 2019

By Devika Patel

Knoxville, Tenn., March 28 – PVH Corp. expects to pay down at least $150 million of debt this year, executive vice president, chief operating officer and chief financial officer Mike Shaffer said Thursday on the company’s earnings conference call for the fiscal fourth quarter and year ended Feb. 3.

Total long-term debt was $2.82 billion as of Feb. 3, compared with $3.06 billion as of Feb. 4, 2018.

Cash and cash equivalents were $452 million as of Feb. 3, compared with $493.9 million as of Feb. 4, 2018.

PVH is a New York-based apparel company.


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