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VF Corp. plans to redeem $500 million 3.5% notes due 2021 on March 4
By Sarah Lizee
Olympia, Wash., Feb. 3 – VF Corp. issued a notice of redemption for its $500 million 3.5% notes due 2021, according to an 8-K filing with the Securities and Exchange Commission.
The redemption is scheduled for March 4.
The redemption price will be par plus a make-whole amount based on the sum of the present value of the remaining scheduled payments of principal and interest on the notes to be redeemed, plus accrued interest to the redemption date.
As reported, the company launched a cash tender offer for its $300 million outstanding 6% notes due 2033 (Cusips: 918204AR9, 918204AQ1, U9222HAC6) and $350 million outstanding 6.45% notes due 2037 (Cusip: 918204AT5). The offers will expire at 11:59 p.m. ET on March 2. The company said it may also from time to time, after completion of the tender offers, redeem the notes or purchase additional notes in the open market, in privately negotiated transactions, through tender or exchange offers or otherwise.
VF Corp. is an apparel, footwear and accessories company based in Denver.
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