Ralph Lauren reports plans to conduct sale of fixed-rate senior notes

By Devika Patel

Knoxville, Tenn., Aug. 7 – Ralph Lauren Corp. is expected to price fixed-rate senior notes, 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 Merrill Lynch and J.P. Morgan Securities LLC are the bookrunners.

Proceeds will be used for general corporate purposes, including repaying the company’s $300 million of 2.125% senior notes due Sept. 26, 2018.

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

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