09:29 AM EST, 12/04/2024 (MT Newswires) -- Tapestry (TPR) said Wednesday it has launched an underwritten public offering of senior unsecured notes.

Details of the notes weren't disclosed.

The company plans to use the net proceeds, including cash on hand, for the repayment of its outstanding loans under its term loan credit agreement, repayment of borrowings under its revolving credit facility, and for general corporate purposes, it added.