HanesBrands Initiates Completion of Planned $300 Million Reduction of Long-Term Debt in 2012
HanesBrands (NYSE: HBI) announced today that it intends to redeem the final $147.1 million of its Floating Rate Senior Notes due 2014, which will complete the retirement of approximately $300 million of floating-rate bond debt as planned in 2012.
Hanes is using free cash flow to significantly reduce long-term debt and leverage in 2012 and plans to continue in 2013.
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