HanesBrands Initiates First Half of Planned $300 Million Reduction of Long-Term Debt in 2012
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"Free cash flow is tracking to our plans, and we are taking the opportunity to begin the reduction of floating-rate debt a little earlier than originally planned this year," said Richard D. Moss, chief financial officer for HanesBrands. "We are using our strong capital structure and operating results to deleverage our balance sheet consistent with our strong free cash flow."
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