Hanesbrands Reveals Successful Refinancing Of 2024 Maturities - Hanesbrands (NYSE:HBI)

Hanesbrands Inc HBI has completed the refinancing of the last remaining series of its 2024 Notes.
The company successfully closed on an upsized new Senior Secured Term Loan B Facility in an aggregate principal amount of $900 million.
The company used net proceeds from the Term Loan B Facility, together with the proceeds of the $600 million bond offering completed on Feb. 14, 2023, to redeem all of its outstanding 4.625% Senior Notes due 2024 and 3.5% Senior Notes due 2024 and pay related fees and expenses.
"We are pleased with the successful refinancing of our 2024 maturities, including the pricing, terms and mix of pre-payable debt," said CEO Steve Bratspies.
"With the refinancing behind us, we believe we now have the financial flexibility to continue to invest in our Full Potential growth strategy while positioning us to focus our free cash flow on reducing debt."
Also Read: Hanesbrands, UCLA Ink Exclusive Fanwear Apparel Deal
Price Action: HBI shares are trading higher by 1.09% at $5.55 on the last check Thursday.
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