PVH plans to call 7 3/8% notes due 2020 with loan upsizing proceeds

By Susanna Moon

Chicago, Feb. 21 - PVH Corp. said it issued a conditional call of its 7 3/8% senior notes due 2020, which will be redeemed with proceeds from a loan increase.

The call is conditioned on amendment of the company's credit facility closed in February 2013, with an upsizing resulting in proceeds of at least $600 million, according to a company press release.

Settlement has been targeted for the end of March.

PVH is a New York-based apparel company.

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