We are advising the arrangers and the agent on the financing

Davis Polk is advising the joint lead arrangers, joint bookrunners and administrative agent on an $8 billion 364-day senior unsecured bridge loan facility to be provided to Tapestry, Inc. in connection with its proposed acquisition of Capri Holdings Limited.

Tapestry is a New York-based house of modern luxury lifestyle brands. The company’s portfolio includes Coach, Kate Spade and Stuart Weitzman.

Capri is a global fashion luxury group consisting of iconic, founder-led brands Versace, Jimmy Choo and Michael Kors.

The Davis Polk finance team includes partner Jason Kyrwood, counsel Darren Mahone and associate Sam Dilthey. The capital markets team includes partner Derek Dostal and associates Jonathan I. Stempel and Katie Warshauer. Partner Mario J. Verdolini and counsel Christopher A. Baratta are providing tax advice. All members of the Davis Polk team are based in the New York office.

Copy link to share post