VF $1 billion delayed draw term loan credit facility
We advised the borrower on the facility
Davis Polk advised VF Corporation in connection with a $1 billion unsecured delayed draw term loan credit facility. The proceeds of the facility will be used for general working capital needs and other corporate purposes.
VF outfits consumers around the world with its diverse portfolio of iconic lifestyle brands, including Vans, The North Face, Timberland, Wrangler and Lee. Founded in 1899, VF is one of the world’s largest apparel, footwear and accessories companies with socially and environmentally responsible operations spanning numerous geographies, product categories and distribution channels.
The Davis Polk finance team included partner Meyer C. Dworkin and associates Matthew J. Wiener and Erin Guiltinan. All members of the Davis Polk team are based in the New York office.