Apparel company Hanesbrands announced on Thursday that they have completed a debt refinancing that will give the Company more financial flexibility to make acquisitions. Earlier this month, Hanesbrands made a public $500 million notes offering and secured a $1.15 billion credit facility in order to pay down its debt. The Company's goal is to reduce debt by $300 million in 2009 and 2010, cutting interest expense by $20 million to $25 million in 2010 and 2011.