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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Ralph Lauren Corporation | NYSE:RL | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 3.50 | 2.12% | 168.655 | 168.78 | 164.715 | 165.15 | 203,941 | 18:04:50 |
From May 2023 to May 2024
By Sabela Ojea
Ralph Lauren said Friday that it entered into a five-year revolving credit facility of up to $750 million with JPMorgan Chase Bank.
The fashion house said in a Securities and Exchange Commission filing that the money may be used to finance working capital needs, capital expenses, investments and other general corporate purposes. The facility is set to mature in June 2028.
Revolving commitments under the facility may be increased up to $1.5 billion, the company said.
On May 25, the retailer said it expects first-quarter revenue to be flat to up slightly compared with the same period a year earlier on a constant currency basis after reporting a decline in revenue in North America and Europe in the prior quarter.
Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix
(END) Dow Jones Newswires
July 07, 2023 17:19 ET (21:19 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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