02/15/24
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Most Recent
Press Release
HanesBrands to Favorably Amend Senior Secured Credit Facility
HanesBrands to Favorably Amend Senior Secured Credit Facility
November 30, 2017 at 7:15 AM EST
The company has begun discussions seeking to: increase the size, reduce the rate and extend the maturity of each of its term loans; reduce the rate and extend the maturity of its revolving credit facility; and achieve other favorable credit agreement improvements to the entire facility.
The company believes that amending its credit facility would enhance the support of the business’ global growth model, including its value-creating capital allocation strategy.
The company expects to complete its credit facility amendments by the end of 2017 and will announce the new terms upon completion.
Cautionary Statement Concerning Forward-Looking Statements
Statements in this press release that are not statements of historical
fact are forward-looking statements within the meaning of Section 27A of
the Securities Act of 1933 and Section 21E of the Securities Exchange
Act of 1934, including those regarding the proposed amendments to our
senior secured credit facility. These forward-looking statements are
based on our current intent, beliefs, plans and expectations. Readers
are cautioned not to place any undue reliance on any forward-looking
statements. Forward-looking statements necessarily involve risks and
uncertainties, many of which are outside of our control, that could
cause actual results to differ materially from such statements and from
our historical results and experience. These risks and uncertainties
include such things as: the highly competitive and evolving nature of
the industry in which we compete; any inadequacy, interruption,
integration failure or security failure with respect to our information
technology; significant fluctuations in foreign exchange rates; the
rapidly changing retail environment; our complex multinational tax
structure; our ability to properly manage strategic projects; our
ability to attract and retain a senior management team with the core
competencies needed to support our growth in global markets; risks
related to our international operations, including the impact to our
business as a result of the United Kingdom’s recent referendum to leave
the
View source version on businesswire.com: http://www.businesswire.com/news/home/20171130005214/en/
Source:
Hanesbrands Inc.
News Media:
Matt Hall, 336-519-3386
or
Analysts
and Investors:
TC Robillard, 336-519-7130
Data Provided by Refinitiv. Minimum 15 minutes delayed.