Form 8-K COACH INC For: Feb 23

 

UNITED STATES 

SECURITIES AND EXCHANGE COMMISSION 

Washington, D.C. 20549

 

 

FORM 8-K

 

CURRENT REPORT

 

Pursuant to Section 13 or 15(d) of the 

Securities Exchange Act of 1934

 

Date of report (Date of earliest event reported):     February 23, 2015

 

           Coach, Inc.           
(Exact name of registrant as specified in its charter)

 

Maryland	1-16153	52-2242751
(State of	(Commission File Number)	(IRS Employer
Incorporation)		Identification No.)

 

 

	516 West 34th Street, New York, NY 10001
	(Address of principal executive offices) (Zip Code)

 

 

        (212) 594-1850        
(Registrant’s telephone number, including area code)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

☐   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

☐   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

☐   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

☐   Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Item 8.01        Other Events.

 

On February 23, 2015, Coach, Inc., a Maryland corporation (the “Company”), issued a press release announcing the commencement of its public offering of senior unsecured notes. A copy of the press release is attached hereto as Exhibit 99.1.

 

Item 9.01        Financial Statements and Exhibits.

 

(d)	Exhibits
	99.1	Press Release issued by Coach, Inc. on February 23, 2015, announcing the commencement of its underwritten public offering of senior unsecured notes.

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Dated:  February 23, 2015

 

	COACH, INC.
	By:	/s/ Todd Kahn
		Todd Kahn
		Global Corporate Affairs Officer, General
		Counsel and Secretary

 

Exhibit Index

 

   

 

Exhibit No.		Description
99.1		Press Release issued by Coach, Inc. on February 23, 2015, announcing the commencement of its underwritten public offering of senior unsecured notes.

 

Exhibit 99.1

FOR IMMEDIATE RELEASE 

CONTACT: 

Coach 

Analysts & Media: 

Andrea Shaw Resnick 

Global Head Investor Relations & Corporate Communications 

212/629-2618 

Christina Colone 

Director, Investor Relations 

212/946-7252

 

COACH ANNOUNCES PROPOSED OFFERING OF SENIOR 

UNSECURED NOTES

 

New York, February 23, 2015 – Coach, Inc. (NYSE: COH, SEHK: 6388), a leading New York design house of modern luxury accessories and lifestyle collections, today announced that it intends to offer, subject to market and other conditions, senior unsecured notes under a shelf registration on file with the Securities and Exchange Commission.

 

J.P. Morgan Securities LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated are acting as joint book-running managers.

 

Coach intends to use the proceeds from this offering for general corporate purposes, which may include capital expenditures, working capital, repayment of outstanding revolver borrowings, acquisitions, or investments in, and funding for, our Hudson Yards development.

 

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities nor will there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction. The offering of securities may be made only by means of a prospectus supplement and accompanying prospectus. Copies of the prospectus and related supplement may be obtained by contacting any of those joint book-running managers whose contact information is listed at the bottom of this announcement.

 

_{516 WEST 34TH STREET NEW YORK, NY 10001 TELEPHONE 212 594 1850 FAX 212 594 1682 WWW.COACH.COM}

 

Coach, established in New York City in 1941, is a leading design house of modern luxury accessories and lifestyle collections with a rich heritage of pairing exceptional leathers and materials with innovative design. Coach is sold worldwide through Coach stores, select department stores and specialty stores, and through Coach’s website. Coach’s common stock is traded on the New York Stock Exchange under the symbol COH and Coach’s Hong Kong Depositary Receipts are traded on The Stock Exchange of Hong Kong Limited under the symbol 6388.

 

Neither the Hong Kong Depositary Receipts nor the Hong Kong Depositary Shares evidenced thereby have been or will be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), and may not be offered or sold in the United States or to, or for the account of, a U.S. Person (within the meaning of Regulation S under the Securities Act), absent registration or an applicable exemption from the registration requirements. Hedging transactions involving these securities may not be conducted unless in compliance with the Securities Act.

 

This press release contains forward-looking statements based on management's current expectations. These statements can be identified by the use of forward-looking terminology such as “may,” “will,” “should,” “expect,” “intend,” “ahead,” “estimate,” “on track,” “on course,” “forward to,” “future,” “to lead,” “to provide,” “to delivering,” “believe,” “to reinvigorate,” “to achieve,” “to enable,” “return to,” “to execute,” “are positioned to,” “continue,” “project,” “guidance,” “target,” “forecast,” “anticipated,” or comparable terms. Future results may differ materially from management's current expectations, based upon risks and uncertainties such as expected economic trends, the ability to anticipate consumer preferences, the ability to control costs, etc. Please refer to Coach’s latest Annual Report on Form 10-K, our Quarterly Report on Form 10-Q for the quarterly period ended December 27, 2014 and our other filings with the Securities and Exchange Commission for a complete list of risks and important factors.

 

BOOK-RUNNING MANAGERS: 

J.P. Morgan Securities LLC 

383 Madison Avenue 

New York, New York 10179 

Attention: Investment Grade Syndicate Desk 

Tel: 212-834-4533

 

Merrill Lynch, Pierce, Fenner & Smith 

                    Incorporated 

222 Broadway, 11^th Floor 

New York, New York 10179 

Attention: Prospectus Department 

Tel: 800-294-1322

 

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