Feb 19 (Reuters) - Kontoor Brands Inc ( KTB ):

* KONTOOR BRANDS ANNOUNCES DEFINITIVE AGREEMENT TO ACQUIRE

ICONIC

GLOBAL OUTDOOR AND WORKWEAR BRAND HELLY HANSEN®

* KONTOOR BRANDS INC ( KTB ) - HELLY HANSEN EXPECTED TO GENERATE

$680

MILLION REVENUE IN 2025

* KONTOOR BRANDS INC ( KTB ) - PURCHASE PRICE APPROXIMATELY $900

MILLION,

11X TRANSACTION MULTIPLE

* KONTOOR BRANDS INC ( KTB ) - TRANSACTION TO BE FINANCED WITH CASH

ON

HAND AND NEW DEBT

* KONTOOR BRANDS INC ( KTB ): DEAL IMMEDIATELY ACCRETIVE TO REVENUE,

EARNINGS AND CASH FLOW OF CO

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