Davis Polk advised VF Corporation on the filing of its automatic shelf registration statement and on an SEC-registered debt shelf takedown of $900 million aggregate principal amount of its notes, including $500 million of its 3.5% fixed-rate notes due 2021 and $400 million of its floating-rate notes due 2013. BofA Merrill Lynch and J.P. Morgan acted as representatives of the several underwriters for the offering.

The proceeds of the offering are to be used to finance a portion of the purchase price for VF’s acquisition of The Timberland Company. 

VF is a global leader in branded lifestyle apparel with more than 30 brands, including Wrangler, The North Face, Lee, Vans, Nautica, 7 For All Mankind, Eagle Creek, Eastpak, Ella Moss, JanSport, lucy, John Varvatos, Kipling, Majestic, Napapijri, Red Kap, Reef, Riders and Splendid. Timberland is a global leader in the design, engineering and marketing of premium-quality footwear, apparel and accessories for consumers who value the outdoors and their time in it. 

The Davis Polk capital markets team included partners Richard A. Drucker and Sarah E. Beshar and associates Andreea Stan, Arvin I. Abraham, Erik Niit and Bruce Rose-Innes. Partner Kathleen L. Ferrell and associate Jason A. Chlipala provided tax advice. Joshua Sills and Caroline B. Cima were the legal assistants on the transaction. All members of the Davis Polk team are based in the New York office.