Tory Burch is moving to repurchase a minority stake from private equity firm General Atlantic as part of a broader refinancing backed by a planned $700 million leveraged loan, according to multiple sources. The New York-based luxury brand will spend approximately $346 million to buy back General Atlantic’s interest — more than a decade after the firm first invested in 2012 — in a transaction led by Bank of America. The company is also entering a new $300 million revolving credit facility and refinancing existing debt as part of a broader balance sheet restructuring.

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