Europe braces for $2.5bn PVH crossover loan

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Europe braces for $2.5bn PVH crossover loan

US clothing group Phillips-Van Heusen is set to tap the European loan market imminently as it looks to sell down a $2.5bn crossover facility backing its Eu2.3bn ($3.2bn) takeover of Tommy Hilfiger, bankers close to the deal said on Tuesday.

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