The Firm recently represented the initial purchasers, led by Barclays Bank PLC, in connection with an offering by Hanesbrands Finance Luxembourg S.C.A., a wholly owned subsidiary of Hanesbrands Inc. (“Hanes”), of €500 million aggregate principal amount of its 3.5% Senior Notes due 2024. Hanes intends to use the net proceeds of the offering together with cash on hand and future debt financings to finance the acquisitions of Champion Europe S.p.A. and Pacific Brands Limited.
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); Adam Weiner (Credit); 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).