Kontoor Brands draws $375 million under revolving credit facility

By Sara Rosenberg

New York, March 26 – Kontoor Brands Inc. on Wednesday borrowed $375 million under its $500 million revolving credit facility, according to an 8-K filed with the Securities and Exchange Commission on Thursday.

As a result of this borrowing, other borrowings to date and $1.3 million of outstanding standby letters of credit, there is about $23.7 million available for borrowing against the revolver.

Kontoor is a Greensboro, N.C.-based lifestyle apparel company.

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