Tapestry, Inc. Raises $1.5 Billion Through Notes Offering with Loop Capital Markets

Deal News | Dec 04, 2024 | Loop Capital Markets LLC

Tapestry, Inc. Raises $1.5 Billion Through Notes Offering with Loop Capital Markets

Tapestry, Inc., an established firm in the fashion and luxury sector, has successfully raised $1.5 billion through a senior unsecured notes offering, which was co-managed by Loop Capital Markets. This offering was structured into two tranches, a 5-year and a 10-year, both rated Baa2/BBB, indicating a stable investment grade. The capital raised from this issuance is intended to be used for general corporate purposes and to repay existing debt, ensuring financial flexibility and enhancing the company's strategic initiatives. Loop Capital Markets, known for its expertise in the fixed income markets, played a key role in facilitating this transaction, reflective of their strong capital markets capabilities.

Sectors

  • Financial Services
  • Fashion and Luxury Retail

Geography

  • United States – Both Loop Capital Markets and Tapestry, Inc. are headquartered in the United States, making it a relevant geographical classification for this financial transaction.

Industry

  • Financial Services – The industry involved is primarily financial services, focusing on investment banking and capital markets activities related to debt offerings.
  • Fashion and Luxury Retail – Tapestry, Inc. operates in the fashion and luxury retail sector, hence the relevance of the industry classification.

Financials

  • $1.5 billion – The total amount raised by Tapestry, Inc. through the senior unsecured notes offering.

Participants

NameRoleTypeDescription
Tapestry, Inc.IssuerCompanyA leading New York-based house of luxury and lifestyle brands, Tapestry includes Coach, Kate Spade, and Stuart Weitzman.
Loop Capital Markets LLCCo-ManagerCompanyLoop Capital Markets is a minority-owned investment banking firm offering investment banking, brokerage, and advisory services.