The Firm recently represented the initial purchasers, led by J.P. Morgan Securities LLC, in connection with an offering by Hanesbrands Inc. (“Hanes”) of $700 million aggregate principal amount of its 5.375% Senior Notes due 2025, upsized from $500 million aggregate principal amount. The net proceeds from the transaction were used to repay Hanes’ outstanding borrowings under its revolving credit facility and for general corporate purposes.
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, Bonds, DIM, Maidenform, Bali, Playtex, Lovable, Bras N Things, Nur Die/Nur Der, Alternative, L’eggs, JMS/Just My Size, Wonderbra, Berlei and Gear for Sports.
The Simpson Thacher team for the transaction included David Azarkh, John O’Connell and Adriana Estor-Restrepo (Capital Markets); Jon Cantor and Abigail Hopper (Tax); Mike Isby (Environmental); Jeanne Annarumma and Monisha Bhayana (ECEB); Lori Lesser, Corina McIntyre and Bobbie Burrows (IP); and Jennie Getsin (Blue Sky).