By Sabela OjeaRalph Lauren said Friday that it entered into a five-year revolving credit facility of up to $750 million with JPMorgan Chase Bank. The fashion house said in a Securities and Exchange Commission filing that the money may be used to finance working capital needs, capital expenses, investments and other general corporate purposes. The facility is set to mature in June 2028. Revolving commitments under the facility may be increased up to $1.5 billion, the company said. Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix(END) Dow Jones Newswires07-07-23 1719ET

Source: Wall Street Journal July 08, 2023 09:20 UTC