Hanesbrands to price $500 million five-year notes on Thursday

By Paul A. Harris

Portland, Ore., April 30 – Hanesbrands Inc. plans to price $500 million of five-year senior notes (Ba3/BB) in a Thursday drive-by, according to market sources and a company press release.

J.P. Morgan Securities LLC is leading the sale.

The notes will be guaranteed on a senior unsecured basis by certain of Hanesbrands’ domestic subsidiaries.

Proceeds from the Rule 144A and Regulation S offering will be used to repay borrowings on the company’s revolving loan facility and for general corporate purposes.

Hanesbrands is a Winston Salem, N.C.-based marketer of everyday basic apparel.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.