Refinance Tag

Debt financings often come and go together with little note in fashion.  But with the Federal Reserve pushing up rates of interest to fight inflation, what would have been run-of-the-mill tweaks to corporate balance sheets are starting to return under the microscope.  Witness VF Corp., which loaded up with debt to purchase Supreme for $2.1 billion in 2020 and is facing what’s change into an inconvenient refinancing. The corporate’s Vans brand is within the midst of a turnaround, investors are fretting over the corporate’s dividend payment and the search to replace former chief executive officer Steve Rendle continues.  The corporate, also parent to The North Face, Timberland and other brands, has 850 million euros of senior notes coming due in September. But whereas that...