HanesBrands Inc. announced on March 10, 2025, the successful completion of the refinancing of its 2026 maturities. This included closing on an upsized new $1.1 billion senior secured Term Loan B facility maturing in 2032.
The refinancing also involved a new $750 million senior secured revolving credit facility maturing in 2030 and a new $400 million senior secured Term Loan A facility maturing in 2030. These actions extend the company's debt maturity profile.
The net proceeds from these facilities are being used to redeem the company’s outstanding 4.875% Senior Notes due 2026 and refinance existing senior secured credit facilities. CEO Steve Bratspies stated that this provides increased flexibility to continue paying down debt and positions the company for positive sales growth, double-digit EPS growth, and strong cash generation.
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