Levi Strauss & Co. has announced a private placement of up to €475 million in senior notes due 2030. These notes are general unsecured senior obligations, ranking equally with the company's other senior unsecured debts. The proceeds from this offering, combined with the company's cash on hand, will be used to fully redeem its 3.375% senior notes due 2027 and cover fees and expenses related to the offering and redemption. The notes are not registered under the U.S. Securities Act of 1933 and will be offered to qualified institutional buyers in the U.S. under Rule 144A, and to qualified investors in the European Economic Area and the UK under the relevant Prospectus Regulations.
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