Forgot password? Don't have an account? Sign Up! Already have an account? Transaction in Own Shares. The proceeds will be used to redeem outstanding 4. CFO Scott Lewis stated these actions will enhance balance sheet flexibility, extend debt maturity dates, and reduce risk as the company continues to de-lever its balance sheet and pay down debt.
HanesBrands NYSE: HBI ha fissato con successo un nuovo prestito senior garantito a termine B di 1,1 miliardi di dollari per sostituire il suo attuale prestito a termine B da milioni di dollari in scadenza nel L'azienda ha anche annunciato una linea di credito revolving senior garantita di milioni di dollari in scadenza nel per sostituire la sua attuale linea di credito da 1,0 miliardi di dollari, e un prestito a termine A di milioni di dollari in scadenza nel per sostituire il prestito a termine esistente da milioni di dollari.
The newly announced debt refinancing package represents a strategic move by HanesBrands to strengthen its financial position. This refinancing achieves three critical objectives: First, it eliminates the near-term maturity wall of , providing enhanced financial flexibility and reducing refinancing risk. Second, the seven-year maturity extension creates a more balanced debt profile. Third, the consolidation of various debt instruments streamlines the company's capital structure, potentially reducing administrative costs and complexity.
The successful pricing of these facilities, particularly in the current higher-rate environment, suggests that credit markets remain accessible to HanesBrands despite industry challenges. However, the commitment to deleveraging will be crucial, as the company must balance debt service obligations with operational investments and market uncertainties.
The Term Loan B will mature seven years after the date of closing, which is expected to occur in the next few weeks.
