Ralph Lauren said it completed the issuance of $500 million in unsecured 5.000% Senior Notes due 2032 on June 5, 2025. The Notes are senior unsecured obligations of the company.

1. 01

   Ralph Lauren said it completed the issuance of $500 million in unsecured 5.000% Senior Notes due 2032 on June 5, 2025. The Notes are senior unsecured obligations of the company.

2. 02

   The company said the Notes mature on June 15, 2032 and bear interest at 5.000% per year, payable semi-annually on June 15 and December 15. Before April 15, 2032, it may redeem the Notes at the greater of a make-whole price based on the Treasury Rate plus 0.15% or 100% of the principal amount.

3. 03

   The company said the Indenture contains restrictions on creating liens, entering into sale and leaseback transactions, and consolidating or merging with, or selling all or substantially all of its assets. It also said that upon a Change of Control Repurchase Event, it must offer to repurchase the Notes at 101% of their principal amount, plus unpaid interest.

4. 04

   Ralph Lauren entered into an underwriting agreement on June 2, 2025 with BofA Securities, Deutsche Bank Securities and J.P. Morgan Securities as representatives of the underwriters. The company said it expects to use the net proceeds for general corporate purposes, which may include repaying $400 million of the outstanding principal of its existing 3.750% Senior Notes due September 15, 2025.

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Original filing

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