PVH Corp. Terminates Material Definitive Agreement
Ticker: PVH · Form: 8-K · Filed: Apr 25, 2024 · CIK: 78239
Sentiment: neutral
Topics: agreement-termination, material-event
Related Tickers: PVH
TL;DR
PVH just terminated a big deal, details TBD.
AI Summary
On April 25, 2024, PVH Corp. reported the termination of a material definitive agreement. The filing does not specify the counterparty or the nature of the agreement, but it indicates a significant event for the company.
Why It Matters
The termination of a material definitive agreement can signal a change in strategic direction or a resolution of a significant business relationship, potentially impacting future operations and financial performance.
Risk Assessment
Risk Level: medium — The termination of a material definitive agreement is a significant event that could have substantial implications for the company's financial health and strategic outlook.
Key Players & Entities
- PVH CORP. /DE/ (company) — Registrant
- April 25, 2024 (date) — Date of Report
FAQ
What was the material definitive agreement that PVH Corp. terminated?
The filing does not specify the details of the material definitive agreement that was terminated.
Who was the counterparty to the terminated agreement?
The filing does not disclose the identity of the counterparty to the terminated agreement.
What is the effective date of the termination?
The termination is reported as of April 25, 2024.
Does this termination have any immediate financial implications disclosed in the filing?
The filing does not provide specific details on immediate financial implications resulting from the termination.
Is there any further information available regarding the reasons for the termination?
The filing states the termination of a material definitive agreement but does not provide the reasons behind it.
Filing Stats: 542 words · 2 min read · ~2 pages · Grade level 11 · Accepted 2024-04-25 16:15:58
Key Financial Figures
- $1 — ange on which registered Common Stock, $1 par value PVH New York Stock Exchange
Filing Documents
- pvh-20240425.htm (8-K) — 27KB
- 0000078239-24-000017.txt ( ) — 188KB
- pvh-20240425.xsd (EX-101.SCH) — 3KB
- pvh-20240425_def.xml (EX-101.DEF) — 15KB
- pvh-20240425_lab.xml (EX-101.LAB) — 27KB
- pvh-20240425_pre.xml (EX-101.PRE) — 15KB
- pvh-20240425_htm.xml (XML) — 4KB
02 Termination of a Material Definitive Agreement
Item 1.02 Termination of a Material Definitive Agreement. PVH Corp. (the "Company") filed a Current Report on Form 8-K on April 15, 2024 disclosing its completion on that date of a public offering of 525 million aggregate principal amount of 4.125% Senior Notes due 2029 (the "2029 Notes"). Also on such date, the Company issued a notice of redemption to the holders of its 3% Senior Notes due 2024 (the "2024 Notes"). On April 25, 2024, the Company applied the net proceeds from the issuance of the 2029 Notes to redeem all of the outstanding 2024 Notes, representing an aggregate principal amount of 525 million. The 2024 Notes were issued and the redemption was effected pursuant to the provisions of the Indenture, dated as of June 20, 2016, between the Company and U.S. Bank Trust Company, National Association (as successor to U.S. National Bank Association), as trustee, Elavon Financial Services DAC, UK Branch (f/k/a Elavon Financial Services Limited, UK Branch), as paying agent and authenticating agent and Elavon Financial Services DAC (f/k/a/ Elavon Financial Services Limited), as transfer agent and registrar.
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. PVH CORP. By: /s/ Mark D. Fischer Mark D. Fischer Executive Vice President, General Counsel and Secretary Date: April 25, 2024