Tag: Hanesbrands Inc

Hanesbrands Refinances To Make Way For Acquisitions

Hanesbrands Refinances For Acquisitions

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. 

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