Tory Burch Seeks Loan to Buy Back General Atlantic’s Stake

Luxury retailer Tory Burch LLC intends to repurchase private equity firm General Atlantic’s stake with some of the proceeds of a planned $700 million leveraged loan.

The New York-based company, which sells high-end women’s clothing and accessories, will spend $346 million on General Atlantic’s interest, the size of which wasn’t disclosed, according to a person familiar with the matter.