The Firm recently represented the initial purchasers, led by J.P. Morgan Securities LLC, in connection with an offering by Hanesbrands Inc. (“Hanes”) 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, 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).