February 28, 2017 8:06 AM ET

Textiles, Apparel and Luxury Goods

Company Overview of Levi Strauss & Co.

Company Overview

Levi Strauss & Co. designs, markets, and sells jeans, casual and dress pants, tops, shorts, skirts, jackets, footwear, and related accessories for men, women, and children worldwide. The company sells its products under the Levi's, Dockers, Signature by Levi Strauss & Co., and Denizen brands; and also licenses its Levi's and Dockers trademarks for various product categories, including footwear, belts, wallets and bags, outerwear, sweaters, dress shirts, kids wear, sleepwear, and hosiery, as well as licenses its Signature by Levi Strauss & Co. and Denizen trademarks in various markets for various product categories. Levi Strauss & Co. sells its products in approximately 110 countries through ...

1155 Battery Street

San Francisco, CA 94111

United States

Founded in 1853

13,200 Employees

Phone:

415-501-6000

Fax:

415-501-7112

Key Executives for Levi Strauss & Co.

Chief Executive Officer, President and Director
Age: 58
Chief Financial Officer and Executive Vice President
Age: 53
Executive Vice President and President of Europe Region
Age: 57
Executive Vice President and President of Levi Strauss Americas
Age: 52
Executive Vice President and President of Global Retail
Age: 46
Compensation as of Fiscal Year 2016.

Levi Strauss & Co. Key Developments

Levi Strauss & Co. Prices Private Placement of Senior Notes

Levi Strauss & Co. announced that the pricing of €475 million, approximately $501 million, of its 3% senior notes due 2027 in a private placement conducted pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended. The sale of the notes is expected to close on February 28, 2017. The company intends to use the net proceeds from the offering, together with cash on hand, to purchase its 6?% senior notes due 2022 and to pay fees and expenses related to the offering and the purchase of such outstanding notes.

Levi Strauss & Co. Announces Cash Tender Offer for 6 7/8% Senior Notes Due 2022

Levi Strauss & Co. announced the commencement of a cash tender offer for any and all of its outstanding 6 7/8% Senior Notes due 2022. The Tender Offer is being made on the terms and subject to the conditions set forth in the Offer to Purchase dated February 21, 2017, the related Letter of Transmittal and the related Notice of Guaranteed Delivery. The Tender Offer will expire at 5:00 p.m., New York City time, on February 28, 2017, unless extended or earlier terminated as described in the Offer to Purchase (such time and date, as they may be extended, the “Expiration Time”). Holders of Notes who validly tender (and do not validly withdraw) their Notes at or prior to the Expiration Time, or who deliver to the depositary and information agent a properly completed and duly executed Notice of Guaranteed Delivery in accordance with the instructions described in the Offer to Purchase, will receive in cash $1,043.71 per $1,000 principal amount of Notes validly tendered and accepted for purchase (the “Purchase Price”) payable for such tendered Notes that are accepted by the company for purchase in the Tender Offer, plus accrued and unpaid interest to, but not including, the settlement date, which is expected to be March 3, 2017.

Levi Strauss & Co. Commences Senior Notes Offering in Europe

Levi Strauss & Co. announced that it is commencing a private placement of up to €450 million aggregate principal amount of senior notes due 2027. As of the issue date, the notes will be general unsecured senior obligations of the company and will rank equally with all of the company’s other senior unsecured indebtedness. The company intends to use the net proceeds from the offering, together with cash on hand, to purchase its 6 7/8% senior notes due 2022 and to pay fees and expenses related to the offering and the purchase of such outstanding notes.

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