03:45 AM EST, 12/05/2024 (MT Newswires) -- Tapestry (TPR) said late Wednesday it has priced its offering of $750 million of its 5.100% senior unsecured notes due 2030 and $750 million of its 5.500% senior unsecured notes due 2035.

The offering is expected to close on Dec. 11.

The company intends to use the net proceeds from the offering, along with cash on hand, to repay outstanding debt used to fund share repurchases and for general corporate purposes.