Coach Announces Closing of $600 Million Senior Unsecured Notes Offering
March 02 2015 - 04:30PM
Business Wire
Coach, Inc. (NYSE: COH) (SEHK: 6388), a leading New York design
house of modern luxury accessories and lifestyle collections, today
announced the closing of its underwritten public offering of $600
million aggregate principal amount of 4.250% senior unsecured notes
due 2025 (the “Notes”). Interest on the notes is payable
semi-annually on April 1 and October 1 of each year, beginning on
October 1, 2015.
The Notes were offered pursuant to a shelf registration
statement on Form S-3 (File No. 333-200642), which became
immediately effective upon its filing with the Securities and
Exchange Commission (the “SEC”) on December 1, 2014. A preliminary
Prospectus Supplement dated February 23, 2015 relating to the Notes
was filed with the SEC on February 23, 2015, and a final Prospectus
Supplement dated February 23, 2015 was filed with the SEC on
February 24, 2015.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy any securities nor will there be
any sale of these securities in any state or other jurisdiction in
which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or other jurisdiction. The offering of securities may be made
only by means of a prospectus supplement and accompanying
prospectus. Copies of the prospectus and related supplement may be
obtained by contacting any of those joint book-running managers
whose contact information is listed at the bottom of this
announcement.
Coach, established in New York City in 1941, is a leading design
house of modern luxury accessories and lifestyle collections with a
rich heritage of pairing exceptional leathers and materials with
innovative design. Coach is sold worldwide through Coach stores,
select department stores and specialty stores, and through Coach’s
website. Coach’s common stock is traded on the New York Stock
Exchange under the symbol COH and Coach’s Hong Kong Depositary
Receipts are traded on The Stock Exchange of Hong Kong Limited
under the symbol 6388.
Neither the Hong Kong Depositary Receipts nor the Hong Kong
Depositary Shares evidenced thereby have been or will be registered
under the U.S. Securities Act of 1933, as amended (the “Securities
Act”), and may not be offered or sold in the United States or to,
or for the account of, a U.S. Person (within the meaning of
Regulation S under the Securities Act), absent registration or an
applicable exemption from the registration requirements. Hedging
transactions involving these securities may not be conducted unless
in compliance with the Securities Act.
This press release contains forward-looking statements based on
management's current expectations. These statements can be
identified by the use of forward-looking terminology such as “may,”
“will,” “should,” “expect,” “intend,” “ahead,” “estimate,” “on
track,” “on course,” “forward to,” “future,” “to lead,” “to
provide,” “to delivering,” “believe,” “to reinvigorate,” “to
achieve,” “to enable,” “return to,” “to execute,” “are positioned
to,” “continue,” “project,” “guidance,” “target,” “forecast,”
“anticipated,” or comparable terms. Future results may differ
materially from management's current expectations, based upon risks
and uncertainties such as expected economic trends, the ability to
anticipate consumer preferences, the ability to control costs, etc.
Please refer to Coach’s latest Annual Report on Form 10-K, our
Quarterly Report on Form 10-Q for the quarterly period ended
December 27, 2014 and our other filings with the Securities and
Exchange Commission for a complete list of risks and important
factors.
BOOK-RUNNING MANAGERS:
J.P. Morgan Securities LLC 383 Madison Avenue New York, New York
10179 Attention: Investment Grade Syndicate Desk Tel: 212-834-4533
Merrill Lynch, Pierce, Fenner & Smith Incorporated 222
Broadway, 11th Floor New York, New York 10179 Attention: Prospectus
Department Tel: 800-294-1322
CoachAnalysts & Media:Andrea Shaw Resnick,
212-629-2618Global Head Investor Relations & Corporate
CommunicationsorChristina Colone, 212-946-7252Director, Investor
Relations
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