V F CORP
For the period ended Sep 28, 2024. Filed Oct 30, 2024.
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Sep 28, 2024 · Filed Oct 30, 2024
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Subsequent Events
NOTE 19 —SUBSEQUENT EVENTS
On October 1, 2024, VF completed the sale of Supreme to EssilorLuxottica S.A. for $1.5 billion, subject to customary adjustments for cash, indebtedness, working capital and transaction expenses as set forth in the Purchase Agreement. Refer to Note 4 for additional information.
On October 4, 2024, VF made an aggregate $1.0 billion prepayment of the DDTL using the net cash proceeds from the sale of Supreme, pursuant to the terms of the DDTL Agreement, as amended.
On October 22, 2024, VF’s Board of Directors declared a quarterly cash dividend of $0.09 per share, payable on December 18, 2024 to stockholders of record on December 10, 2024.
27 VF Corporation Q2 FY25 Form 10-Q
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