VF Corporation has sold $900 million senior unsecured notes in two parts, according to IFR, a Thomson Reuters service. Bank of America Merrill Lynch and JP Morgan Chase were the active bookrunning managers for the sale. According to the report, the issue for $400 million in notes, due Aug. 23, 2013, carried a yield of 75 basis points over LIBOR. The second, for $500 million, matures on Sept. 1, 2021, and carries a coupon of 3.5 percent. Dow Jones Newswires has reported that the notes were sold to help fund VF's $2 billion purchase of Timberland Company, which was announced in June.

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