18 05 2016

Hanesbrands Inc.'s $1.8 Billion Notes Offering

Simpson Thacher represented the initial purchasers, led by J.P. Morgan Securities LLC, in connection with an offering by Hanesbrands Inc. of $ $900 million aggregate principal amount of its 4.625% Senior Notes due 2024 and $900 million aggregate principal amount of its 4.875% Senior Notes due 2026.


The net proceeds from the transaction were used to repay Hanes’ existing senior notes and repay a portion of the outstanding borrowings under its revolving credit facility.  Hanes is a global company focused on the manufacturing and marketing of leading everyday basic apparel under some of the world’s strongest apparel brands, including Hanes, Champion, Maidenform, DIM, Playtex, Bali, JMS/Just My Size, Nur Die/Nur Der, L’eggs, Lovable, Wonderbra, Flexees, Lilyette and Gear for Sports. The Simpson Thacher team for the transaction included Art Robinson (Picture), David Azarkh, John O’Connell and Valdemar Washington (Capital Markets); Jon Cantor and George Davis (Tax); Mike Isby (Environmental); Jeanne Annarumma and Jennifer Pepin (ECEB); Marcela Robledo (IP); Dennis Loiacono (Real Estate); and Jennie Getsin (FINRA and Blue Sky). Involved fees earner: Arthur Robinson - Simpson Thacher & Bartlett; David Azarkh - Simpson Thacher & Bartlett; John O’Connell - Simpson Thacher & Bartlett; Valdemar Washington - Simpson Thacher & Bartlett; Jonathan Cantor - Simpson Thacher & Bartlett; George Davis - Simpson Thacher & Bartlett; Michael Isby - Simpson Thacher & Bartlett; Jeanne Annarumma - Simpson Thacher & Bartlett; Jennifer Pepin - Simpson Thacher & Bartlett; Marcela Robledo - Simpson Thacher & Bartlett; Dennis Loiacono - Simpson Thacher & Bartlett; Jennie Getsin - Simpson Thacher & Bartlett;

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