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HanesBrands uses term loan to redeem 5 3/8% notes due 2025
Chicago, Nov. 23 – HanesBrands Inc. said that it used the proceeds from an amended and restated term loan to redeem its 5 3/8% notes due 2025, according to an 8-K filing with the Securities and Exchange Commission.
The company exercised its redemption right to redeem all $700 million of the notes on Nov. 19.
The notes were redeemed at par plus a make-whole premium and interest.
HanesBrands is a Winston-Salem, N.C.-based marketer of everyday basic apparel.
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