The investment-grade offering comprised two tranches of senior notes

Davis Polk advised the joint book-running managers and representatives of the several underwriters in connection with the SEC-registered offering by Tapestry, Inc. of $750 million of 5.100% senior notes due 2030 and $750 million of 5.500% senior notes due 2035.

Tapestry, Inc. intends to use the net proceeds from this offering, together with cash on hand, to repay outstanding loans under its term loan credit agreement and to repay borrowings under its revolving credit facility, which were used to fund the share repurchases under its accelerated share repurchase agreements, and for general corporate purposes.

Tapestry, Inc. is a New York-based house of iconic accessories and lifestyle brands. Its global house of brands unites the magic of Coach, kate spade new york and Stuart Weitzman.

The Davis Polk capital markets team included partner Derek Dostal and associate Kerim K. Aksoy. All members of the Davis Polk team are based in the New York office.

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