On Oct. 10, 2007, Standard&Poor's Ratings Services assigned its 'A-' senior unsecured debt rating to VF Corp.'s proposed $500 million of unsecured notes. We expect there will be two tranches, about $250 million with a 10 year maturity and $250 million with a 30 year maturity. These note offerings are drawdowns from the company's Rule 415 shelf registration. Net proceeds will be used to repay borrowings under the company's bridge loan facility which was used to partially finance the company's acquisition of Seven for All Mankind LLC and lucy activewear inc. At the same time, Standard&Poor's affirmed all existing ratings on VF Corp., including the 'A-' corporate credit rating. The outlook is stable. The rating on
