PVH Secures $450 Million Loan Facility
Deal News | Apr 25, 2025 | Wachtell, Lipton, Rosen & Katz
On April 25, 2025, PVH Corp., a well-known global apparel company, successfully entered into a new credit agreement involving a substantial $450 million senior unsecured delayed-draw term loan facility. This financial arrangement is facilitated by a syndicate of lenders with Barclays Bank PLC appointed as the administrative agent. Such a facility is often utilized by corporations to provide financial flexibility for short-term liquidity needs. Wachtell, Lipton, Rosen & Katz acted as the legal adviser for PVH in structuring this deal.
Sectors
- Apparel Industry
- Financial Services Industry
Geography
- United States – PVH Corp. is headquartered in the United States, making it a primary geographic focus for the article.
- United Kingdom – Barclays Bank PLC is based in the United Kingdom, highlighting its role in the transaction and its geographic relevance.
Industry
- Apparel Industry – PVH Corp. operates in the global apparel market, known for its brands like Calvin Klein and Tommy Hilfiger, making this industry relevant to the article.
- Financial Services Industry – This transaction involves a significant financial agreement, orchestrated by Barclays Bank PLC and a syndicate of lenders, highlighting the financial services industry's role.
Financials
- $450 million – The value of the senior unsecured delayed-draw term loan facility.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| PVH Corp. | Target | Company | A global apparel company known for its brands like Calvin Klein and Tommy Hilfiger. |
| Barclays Bank PLC | Administrative Agent | Company | A multinational bank serving as the administrative agent for the loan agreement. |
| Wachtell, Lipton, Rosen & Katz | Legal Advisor | Company | A law firm acting as the legal adviser for PVH Corp. in the loan facility. |
| Syndicate of Lenders | Lenders | Company | Multiple financial institutions involved in providing the loan facility. |