Phillips-Van Heusen wraps up $1.96bn refi
Demand from bank and institutional investors has allowed US fashion group Phillips-Van Heusen to complete its $1.96bn trans-Atlantic loan refinancing at more favourable terms.
The borrower was able to increase the dollar denominated term loan A by $40m to $640m, decreasing the more expensive term loan B from $440m to $400m. The euro denominated loans remain at Eu87m for the A tranche and Eu260m for the B tranche.
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