# Kontoor Brands, Inc. (KTB) — capital_return/buyback_authorization [announced]
Source: SEC API (secapi.ai) · situation sit_5602312cd655a8d5f188 · retrieved 2026-08-14T08:56:29.115Z

## Overview
Kontoor Brands, Inc. is a portfolio company of three iconic lifestyle, outdoor and workwear brands: Wrangler, Lee, and Helly Hansen, focused on leveraging its global platform and supply chain to drive brand growth and deliver long-term value.

Kontoor Brands announced plans to deploy proceeds from the expected divestiture of its Lee business into a $400 million Accelerated Share Repurchase (ASR) agreement. The Lee business divestiture is on track to close in the fourth quarter of 2026. Following the Lee divestiture closing, remaining proceeds will be allocated toward voluntary debt payments. The company expects to return more than $900 million of capital in 2026 through share repurchases, dividends, and voluntary debt payments, including proceeds from the Lee divestiture.

## Terms
- Deal value: $400.0M · Consideration: cash

## Key dates
- Announced 2026-08-12 · Expected close 2026-12-31

## Timeline
- 2026-08-12 · 8-K (0001760965-26-000055): 8-K - Kontoor Brands, Inc. — *Kontoor Brands, Inc. is a portfolio company of three iconic lifestyle, outdoor and workwear brands: Wrangler, Lee, and Helly Hansen, focused on leveraging its global platform and supply chain to drive brand growth and deliver long-term value.* Kontoor Brands announced plans to deploy proceeds from the expected divestiture of its Lee business into a $400 million Accelerated Share Repurchase (ASR) agreement. The Lee business divestiture is on track to close in the fourth quarter of 2026. Following the Lee divestiture closing, remaining proceeds will be allocated toward voluntary debt payments. The company expects to return more than $900 million of capital in 2026 through share repurchases, dividends, and voluntary debt payments, including proceeds from the Lee divestiture.
  https://www.sec.gov/Archives/edgar/data/1760965/0001760965-26-000055.txt

## Citations
- 0001760965-26-000055 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000176096526000055