Hanesbrands expects notes offering to close on Dec 14
12 Dec '06
1 min read
Hanesbrands Inc announced that it has priced its offering of $500 million aggregate principal amount of floating-rate senior notes due in 2014.
The floating-rate notes will bear interest at a per-annum rate, reset semiannually, equal to the six-month London Interbank Offered Rate plus a margin of 3.375 percent.
Hanesbrands expects the notes offering to close on December 14, 2006. Hanesbrands plans to use the net proceeds of the offering to repay outstanding borrowings under its bridge loan facility, which was approximately $500 million as of October 31, 2006.
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