PVH obtains needed consents to incur more debt under 7 3/8% notes

By Susanna Moon

Chicago, Nov. 9 - PVH Corp. said it received the necessary consents to amend its 7 3/8% senior notes due 2020 by the end of the solicitation at 5 p.m. ET on Nov. 9.

The amendment increases the amount of secured debt that the company is permitted to incur without equally and ratably securing the notes, according to a company press release.

The consent solicitation began on Oct. 31.

PVH entered into a supplemental indenture that amends the notes, which became effective upon execution by PVH and trustee U.S. Bank NA.

The company will pay $10.00 in cash for each $1,000 principal amount.

Barclays, Bank of America Merrill Lynch and Citigroup Global Markets Inc. are the solicitation agents. D.F. King & Co. was the tabulation and information agent.

PVH is a Bridgewater, N.J.-based apparel company.

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