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LONDON - Levi Strauss & Co (NYSE:LEVI). has launched an offering of €475 million in senior notes due 2030, according to a pre-stabilization notice issued Tuesday.
The notes will carry a 4% interest rate and are priced at 100% of face value with a non-call period of two years, the notice stated. Merrill Lynch International will serve as the stabilization manager for the offering.
The stabilization period is expected to begin on Tuesday and end no later than August 28, 2025. During this time, the stabilization manager may engage in transactions to support the market price of the securities at a level higher than might otherwise prevail, though stabilization is not guaranteed to occur.
The senior notes offering represents a significant debt issuance for the global apparel company, known for its denim products. The securities will be issued without a guarantor.
The announcement specifies that the offering is not directed at retail investors in the United Kingdom (TADAWUL:4280) or European Economic Area, and the securities have not been and will not be registered under the United States Securities Act of 1933.
This information is based on a pre-stabilization notice published by Merrill Lynch International through the London Stock Exchange (LON:LSEG)’s news service.
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