PVH Secures $250M Term Loan Facility with Barclays
Deal News | Apr 04, 2025 | Wachtell, Lipton, Rosen & Katz
On April 4, 2025, PVH Corp. finalized a 364-day credit agreement with a consortium of lenders and Barclays Bank PLC, serving as the administrative agent. This agreement establishes a $250 million senior unsecured delayed-draw term loan facility, providing PVH with significant financial resources over the course of a year. Wachtell, Lipton, Rosen & Katz advised on the deal, highlighting the legal precision involved in structuring a facility of this magnitude.
Sectors
- Apparel and Fashion
- Banking and Financial Services
- Legal Services
Geography
- United States – PVH Corp. is a U.S.-based company, most of the financial arrangements and legal advisory roles are likely grounded in the United States.
Industry
- Apparel and Fashion – PVH Corp. is a company involved in the apparel and fashion industry, which is relevant to this credit agreement.
- Banking and Financial Services – Barclays Bank PLC and the syndicate of lenders are part of the banking and financial services sector, providing the financial instruments necessary for this deal.
- Legal Services – Wachtell, Lipton, Rosen & Katz, as legal advisors, are involved in structuring and advising on this credit facility, making legal services relevant.
Financials
- $250 million – The size of the senior unsecured delayed-draw term loan facility.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| PVH Corp. | Borrower | Company | PVH Corp. is a global apparel company that entered into the credit agreement. |
| Barclays Bank PLC | Administrative Agent | Company | Barclays Bank PLC is acting as the administrative agent for the $250 million term loan facility. |
| Syndicate of Lenders | Lenders | Company | A consortium of lenders providing the financing for the term loan. |
| Wachtell, Lipton, Rosen & Katz | Legal Advisor | Company | The law firm advising on the credit agreement. |