HanesBrands Prices Offering of Euro-Denominated Notes
OREANDA-NEWS. HanesBrands Inc. (NYSE: HBI) today announced that its indirect wholly-owned subsidiary, Hanesbrands Finance Luxembourg S.C.A., a corporate partnership limited by shares (soci?t? en commandite par actions) under the laws of the Grand Duchy of Luxembourg, has set the pricing of its offering of €500 million aggregate principal amount of 3.5 percent unsecured notes maturing 2024, unless earlier redeemed. The notes will be guaranteed on a senior unsecured basis by Hanesbrands Inc. and certain of its subsidiaries. This offering is expected to close on June 3, 2016, subject to customary closing conditions.
The aggregate principal amount of notes to be issued in the previously announced offering increased from €450 million to €500 million. Net proceeds from the offering are expected to be used, together with cash on hand and future debt financings, to finance the company’s previously announced acquisitions of Champion Europe and Pacific Brands Group.
The notes and the related guarantees will be offered in the United States to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act and to non-U.S. persons in reliance on Regulation S under the Securities Act. The offer and sale of the notes and the related guarantees have not been registered under the Securities Act or the securities laws of any state or other jurisdiction and may not be offered or sold absent registration or an applicable exemption from the registration requirements under the Securities Act and any applicable securities laws of any state or other jurisdiction.
This press release shall not constitute an offer to sell, or the solicitation of an offer to buy, any of the notes, nor shall there be any sale of the notes in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. This press release is being issued pursuant to and in accordance with Rule 135(c) under the Securities Act.
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