PVH Corp. enters $1.9 billion credit agreement, replacing its 2022 facility
PVH Corp. entered into a new credit agreement dated June 24, 2026, with Bank of America, N.A. as administrative agent. The company used proceeds from a €400 million euro term loan to repay in full its existing credit agreement from December 9, 2022, which was then terminated. The new facilities mature on June 24, 2031 and give the company access to a $1.5 billion revolving credit line, adding a new debt obligation to its balance sheet.
Key points
- Euro term loan A of €400 million borrowed by PVH B.V. on June 24, 2026, with the company's proceeds used to repay the 2022 credit agreement
- $1.5 billion multicurrency revolving credit facility, with the company and PVH B.V. as borrowers
- Both facilities mature June 24, 2031; term loan amortizes at 2.50% per year starting with the quarter ending September 30, 2026
- Agreement includes a maximum net leverage ratio covenant and a change-in-control event of default
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:01 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on June 29, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.