KONTOOR BRANDS: ANNOUNCES CLOSING OF THE SENIOR TICKET OFFER – Form 8-K


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KONTOOR BRANDS ANNOUNCES CLOSING OF THE SENIOR NOTES OFFER

Greensboro, NC – November 18, 2021 – Kontoor Brands, Inc. (“Kontoor”) today announced that it has successfully completed its $ 400.0 million offering of 4.125% senior bonds due 2029 (the “obligations”). Kontoor intends to use the proceeds of the offering, together with available cash, to fund the repayment of the following outstanding debt in connection with the modification and extension of Kontoor’s credit agreement, in date of May 17, 2019, including the senior secured credit facilities hereunder, and to pay the fees, costs, premiums and expenses thereon (including accrued and unpaid interest in respect of of these amounts): (i) $ 265.0 million in total principal outstanding under Kontoor’s existing term loan facility A (resulting in $ 400.0 million of total outstanding borrowings under of this facility) and (ii) an aggregate principal amount of $ 133.0 million outstanding under Kontoor’s existing B-term loan facility (resulting in full repayment of borrowings under this facility).

The Securities and associated collateral have not been registered under the Securities Act of 1933, as amended (the “Securities Act”), or any state securities law. The Bonds and associated collateral may not be offered or sold in the United States except under an exemption or in connection with a transaction not subject to the registration requirements of the Securities Act and securities laws of the United States. Applicable states. The Securities and related collateral have been offered only to persons reasonably considered to be “qualified institutional buyers” under the exemption from registration under Rule 144A under the Securities Act and to certain persons not. United States in connection with Offshore Transactions under Regulation S under the Securities Act.

This press release is issued in accordance with Rule 135c of the Securities Act, and it does not constitute an offer to sell or a solicitation of an offer to buy securities and does not constitute an offer to sell or a solicitation of any securities. solicitation of an offer to buy or sell the Tickets or any other security in a jurisdiction in which such offer, solicitation or sale would be illegal.

Forward-looking statements

This press release may include “forward-looking statements” within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended. In some cases, these forward-looking statements may be identified by the use of words such as “may”, “could”, “will”, “should”, “expects”, “plans”, “objective”, ” target, “” anticipates “,” believes “,” estimates “,” predicts “,” potential “or” continuing “or the negative version of these or other comparable words. These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from future results expressed or implied by such forward-looking statements. All statements that refer to expectations or other characterizations of events or future circumstances, such as statements regarding Kontoor’s expected financial results and the offering, are forward-looking statements. These statements are not guarantees of future performance and are subject to certain risks, uncertainties. studies and other factors, some of which are beyond our control and are difficult to predict. Risks and uncertainties include whether or not the offer will be

consumed and the conditions, size, timing and use of the proceeds of the offering and the factors set out under “Risk Factors” in Kontoor’s annual report on Form 10-K for the fiscal year ended January 2, 2021 , and Kontoor’s Quarterly Report on Form 10-Q for the quarter ended October 2, 2021. You are cautioned not to place undue reliance on these forward-looking statements. Kontoor assumes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by law.

About the Kontoor brands

Kontoor Brands, Inc. is a global lifestyle apparel company, with a portfolio led by two of the world’s most iconic consumer brands: Wrangler® and Lee®. Kontoor designs, manufactures and distributes premium products that are beautiful and well-fitting, giving people around the world the freedom and confidence to express themselves. Kontoor Brands is a purpose-driven organization to leverage its global platform, strategic sourcing model and premier supply chain to drive brand growth and deliver long-term value. term to its stakeholders.

Contacts

Investors:

Eric Tracy, (336) 332-5205

Vice-President, Corporate Finance and Investor Relations

[email protected]

Or

Media:

Vanessa McCutchen, (336) 332-5612

Vice-President, Corporate Communications

[email protected]

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Disclaimer

Kontoor Brands Inc. published this content on November 19, 2021 and is solely responsible for the information it contains. Distributed by Public, unedited and unmodified, on November 19, 2021 10:53:09 PM UTC.

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