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HanesBrands completes $600 million Senior Notes offering and prices $900 million term loan B facility

February 2023

Client(s) HanesBrands Inc.

Jones Day represented HanesBrands Inc. in connection with (i) a Rule 144A and Regulation S offering of $600 million aggregate principal amount of 9.000% Senior Notes due 2031 and (ii) an amendment to the credit agreement that governs the company's existing senior secured credit facilities to provide for a new $900 million senior secured term loan B facility (the “Term Loan B”). The offering launched and priced on February 10, 2023 and closed on February 14, 2023. The Term Loan B priced on February 14, 2023 and is expected to close on or about March 8, 2023.

HanesBrands intends to use the net proceeds from the offering and borrowings under the Term Loan B, together with cash on hand, 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.

HanesBrands Inc. is a socially responsible leading marketer of everyday basic innerwear and activewear apparel in the Americas, Australia, Europe, and Asia under some of the world's strongest apparel brands, including Hanes, Champion, Bonds, Maidenform, Bali, Bras N Things, Playtex, JMS/Just My Size, Gear for Sports, Wonderbra, Berlei, Comfortwash, and Alternative.

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