Hanesbrands (HBI) said Monday it has completed the refinancing of its 2026 maturities.
The company said it closed an upsized new senior secured term loan B facility in a total principal amount of $1.1 billion maturing in 2032, a new $750 million senior secured revolving credit facility maturing in 2030, and a new $400 million senior secured term loan A facility maturing in 2030.
Hanesbrands said the net proceeds are being used to redeem its outstanding 4.875% senior notes due 2026 and refinance its current senior secured credit facilities.
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