HanesBrands, Inc. reported it plans to offer a $600 million aggregate principal amount of senior unsecured notes due 2031 in a private offering.
The notes will be senior unsecured obligations of HanesBrands and will be guaranteed by certain of HanesBrands’ domestic subsidiaries that guarantee its credit facilities and certain other material indebtedness.
HanesBrands intends to use the net proceeds from the offering, together with borrowings under a new senior secured term loan B facility and cash on hand, to redeem all of its outstanding 4.625 percent senior notes due 2024 and 3.5 percent senior notes due 2024 and pay related fees and expenses.
