VFC VF Corporation

By Colin Kellaher

VF Corp. on Thursday said it has become the company in the apparel and footwear sector to issue a green bond, with the sale of a 500 million euro ($550 million), eight-year issue.

The Denver company said it will use an amount equivalent to the net proceeds from the offering of 0.25% senior notes due 2028 to advance key sustainability initiatives.

VF said potential areas of investment include innovative and more sustainable materials and sustainable packaging, renewable energy production units or energy storage units, and projects to improve energy efficiency and reduce the greenhouse-gas footprint of its operations and supply chain.

VF said the bond sale drew demand from a diverse group of investors around the world.

Write to Colin Kellaher at colin.kellaher@wsj.com

(END) Dow Jones Newswires

February 27, 2020 11:40 ET (16:40 GMT)

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