Hanesbrands To Offer $750 Million in Senior Notes
Hanesbrands Inc., Winston-Salem, N.C., announced it's plans to offer, subject to market and other conditions, $750 million worth of senior notes due 2020.
Hanesbrands intends to use the net proceeds from the notes offering to repay a portion of the borrowings outstanding under its existing senior secured credit facility, as well as to pay fees and expenses related to these transactions.
The notes will be offered in the United States to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and to non-U.S. persons in reliance on Regulation S under the Securities Act. The notes have not been registered under the securities act and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements.
For more information, visit www.hanesbrands.com.