Hanesbrands Plans to Secure $1.65B in New Credit (Associated Press)
Hanesbrands Inc. said late Monday it plans to sell $500 million in senior notes in a public offering and change an existing senior secured credit facility to allow for $1.15 billion in new credit.
The company, based in Winston-Salem, N.C., plans to use the proceeds from both transactions to refinance and repay outstanding debt as well as pay related fees. Hanesbrands sells bras, underwear, nylons and other items under brands such as Hanes, Champion, Playtex, Bali and Wonderbra.
- Companies:
- All American Awards
- Places:
- Winston-Salem, N.C.
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