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PVH announces pricing of secondary offering

10
May '06
Apparel retailer Phillips-Van Heusen Corporation has announced the public offering by holders of its Series B Convertible Preferred Stock of 10,057,495 shares of common stock issuable upon the conversion of shares of Series B Preferred Stock.

The shares are being offered at a purchase price of $38.00 per share. The underwriters also hold an option to purchase an additional 1,508,624 shares of common stock.

Lehman Brothers is acting as the Sole Book-Running Manager of the offering.

Phillips-Van Heusen Corporation is one of the world's largest apparel companies. It owns and markets the Calvin Klein brand worldwide.

Phillips-Van Heusen Corporation is the world's largest shirt company and markets a variety of goods under its own brands, Calvin Klein Collection, ck Calvin Klein, Calvin Klein, Van Heusen, IZOD, Arrow, Bass, G.H. Bass & Co., and Eagle, and its licensed brands Geoffrey Beene, BCBG Max Azria, BCBG Attitude, Chaps, Sean John, Donald J. Trump Signature Collection, Kenneth Cole New York, Kenneth Cole Reaction, unlisted, A Kenneth Cole Production, MICHAEL Michael Kors and, beginning later in 2006, JOE Joseph Abboud.

Phillips-Van Heusen Corporation


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