Ralph Lauren intends to issue fixed-rate senior notes in two parts

By Devika Patel

Knoxville, Tenn., June 1 – Ralph Lauren Corp. is expected to price fixed-rate senior notes (A3/A-) in two parts, according to a 424B5 filing with the Securities and Exchange Commission.

The notes are callable at the greater of a make-whole call and a par call.

BofA Securities Inc., J.P. Morgan Securities LLC, Deutsche Bank Securities Inc., ING Financial Markets LLC and SMBC Nikko Securities America Inc. are the bookrunners.

Proceeds will be used for general corporate purposes, including repaying the company’s $475 million of outstanding debt under its global credit facility and repaying all $300 million of its 2.625% senior notes due Aug. 18, 2020.

Ralph Lauren is a New York-based company engaged in the design, marketing and distribution of lifestyle products.

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