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Stock impact report

VF Corporation Announces Proposed Offering of Senior Notes

V.F. Corporation (VFC) 
Last v.f. corporation earnings: 1/23 06:55 am Check Earnings Report
US:NYSE Investor Relations: ir.vfc.com
Company Research Source: Business Wire
DENVER--(BUSINESS WIRE)--VF Corporation (NYSE: VFC) announced today that it plans to offer, subject to market and other conditions, senior notes that are expected to be issued in four tranches (the “Notes”) in a public offering underwritten by Barclays, BofA Securities, J.P. Morgan and Morgan Stanley as representatives of the underwriters. HSBC, ING, US Bancorp and Wells Fargo Securities are also serving as joint bookrunners for the Notes.The Company intends to use the net proceeds from the debt offering to repay the borrowings under its senior unsecured revolving credit facility. The Company intends to use any remaining net proceeds for general corporate purposes.The Company has filed a registration statement (including a prospectus and related preliminary prospectus supplement for the offering) with the Securities and Exchange Commission (the “SEC”) for the offering to which this communication relates. Before you invest, you should read the preliminary prospectus supplement, the Show less Read more
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