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by Stephen Carter
Jul 15, 2025 6:11 AM ET
Levi Strauss & Co (LEVI) EUR475m 144A/Reg S sr notes due 2030 (5y). NC2 (MWC B+50bp) (50%, 25%, par). Equtiy claw: 2y 40%. Ba2/BB+/BBB- (stable/stable/stable). Via BofA(B&D)/ JPM/BNP/HSBC jt books, BMO, Scotia, GS, MS, RBC, Santander, StanChart, TSI as co-managers. No reg rights. List Lux. NY Law. CoC at 101. Denoms 100x1. IPT: Mid-high 4s.
Price talk: 4.25%-4.50%.
Roadshow (small group meetings) 07/14 (investor call at 1:30pm UKT / 08.30am ET). Books close at 1:30pm UKT / 8:30am NYT 07/15. Pricing 07/15. UOP: along with EUR9 cash on hand, redeem EUR475m 3.375% sr notes due 03/31/27 (callable at par). Biz: brand-name apparel company, and a global leader in jeanswear. HQ: San Francisco, CA.