Simpson Thacher Represents JPMorgan in Hanesbrands Inc.’s Sixth Amended and Restated Credit Agreement
03.10.25
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Simpson Thacher represented JPMorgan Chase Bank, N.A., as administrative agent, in connection with the amendment and restatement of Hanesbrands Inc.’s credit agreement. The amended and restated credit agreement provides for (i) a $1.1 billion senior secured term loan B facility, (ii) a $400 million senior secured term loan A facility and (iii) a $750 million senior secured revolving credit facility, the proceeds of which were used to refinance all indebtedness under Hanesbrands Inc.’s existing credit agreement and will be used to redeem the 4.875% senior unsecured notes due 2026.
The Simpson Thacher team included Justin Lungstrum, Robert Meyer and Sungjoo Ahn (Credit); Jonathan Pall (Collateral); Michael E. Mann and Heesang Yeo (Tax); Courtney Welshimer and Paige Brinton (IP); Pasco J. Struhs (ECEB); and Michael R. Isby (Environmental).