VF to draw $1 billion remaining on revolving credit facility

By Rebecca Melvin

New York, April 7 – VF Corp. will draw down the remaining $1 billion available under its revolving credit facility due 2023, according to a company release.

The transaction was initiated on Monday and will be completed on Thursday.

The company said the step was taken out of an abundance of caution and to best position the company to capitalize on opportunities as it emerges from the Covid-19 pandemic.

JPMorgan Chase Bank, NA is administrative agent of the facility.

Greensboro, N.C.-based VF makes apparel, footwear and related products.

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