The investment-grade notes offerings comprised eight tranches 

Davis Polk advised the underwriters in connection with the SEC-registered offering by Tapestry, Inc., consisting of $500 million of 7.050% senior notes due 2025, $750 million of 7.000% senior notes due 2026, $1 billion of 7.350% senior notes due 2028, $1 billion of 7.700% senior notes due 2030 and $1.25 billion of 7.850% senior notes due 2033.

Davis Polk also advised the underwriters in connection with the concurrent SEC-registered offering by Tapestry, Inc., consisting of €500 million of 5.350% senior notes due 2025, €500 million of 5.375% senior notes due 2027 and €500 million of 5.875% senior notes due 2031.

Tapestry, Inc. intends to use the net proceeds from both offerings to partially fund its proposed acquisition of Capri Holdings Limited and to pay related fees and expenses.

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

The Davis Polk capital markets team included partner Derek Dostal and associates Xi (Brooke) Zheng, Kerim K. Aksoy and Katie Warshauer. The tax team included counsel Christopher A. Baratta and associate Justin Corvino. The intellectual property team included partner Matthew J. Bacal and associates S. Dream Montgomery and Shreya R. Kundur. All members of the Davis Polk team are based in the New York office.

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