WINSTON-SALEM, N.C.--(BUSINESS WIRE)--May 17, 2016--
HanesBrands (NYSE:HBI) announced today that its indirect wholly-owned
subsidiary, Hanes Finance Luxembourg S.C.A., a corporate partnership
limited by shares (société en commandite par actions) under the laws of
the Grand Duchy of Luxembourg, is planning to offer €450 million
aggregate principal amount of unsecured notes due 2024 in a private
offering that is exempt from registration under the Securities Act of
1933, as amended, subject to market and other customary conditions. The
notes will be guaranteed on a senior unsecured basis by Hanesbrands Inc.
and certain of its subsidiaries.
HanesBrands currently expects to use the net proceeds from the offering,
together with cash on hand and future debt financings, to finance the
company’s previously announced acquisitions of Champion Europe and
Pacific Brands Limited.
The notes and the related guarantees will be offered in the United
States to persons reasonably believed to be qualified institutional
buyers pursuant to Rule 144A under the Securities Act and to non-U.S.
persons in reliance on Regulation S under the Securities Act. The offer
and sale of the notes and the related guarantees have not been
registered under the Securities Act or the securities laws of any state
or other jurisdiction and may not be offered or sold absent registration
or an applicable exemption from the registration requirements under the
Securities Act and any applicable securities laws of any state or other
jurisdiction. This press release shall not constitute an offer to sell,
or the solicitation of an offer to buy, any of the notes, nor shall
there be any sale of the notes in any state or jurisdiction in which
such offer, solicitation, or sale would be unlawful prior to
registration or qualification under the securities laws of any such
jurisdiction. This press release is being issued pursuant to and in
accordance with Rule 135(c) under the Securities Act.
Cautionary Statement Concerning Forward-Looking
Statements
Statements in this press release that are not statements of historical
fact are forward-looking statements within the meaning of Section 27A of
the Securities Act of 1933 and Section 21E of the Securities Exchange
Act of 1934, including those regarding the proposed offering of notes
and the anticipated use of proceeds therefrom. These forward-looking
statements are made only as of the date of this report and are based on
HanesBrands’ current intent, beliefs, plans and expectations. They
involve risks and uncertainties that could cause actual future results,
performance or developments to differ materially from those described in
or implied by such forward-looking statements. These risks and
uncertainties include the risks identified from time to time in
HanesBrands’ most recent Securities and Exchange Commission reports,
including the 2015 Annual Report on Form 10-K, quarterly reports on Form
10-Q, press releases and other communications. HanesBrands undertakes no
obligation to update or revise forward-looking statements to reflect
changed assumptions, the occurrence of unanticipated events, or changes
to future operating results over time, other than as required by law.
HanesBrands
HanesBrands, based in Winston-Salem, N.C., is a socially responsible
leading marketer of everyday basic innerwear and activewear apparel in
the Americas, Europe and Asia under some of the world’s strongest
apparel brands, including Hanes, Champion, Playtex, DIM, Bali,
Maidenform, JMS/Just My Size, L’eggs, Wonderbra, Nur Die/Nur Der,
Lovable and Gear for Sports. The company sells T-shirts, bras,
panties, shapewear, underwear, socks, hosiery, and activewear produced
in the company’s low-cost global supply chain.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160517006203/en/
Source: Hanesbrands Inc.
HanesBrands
Media Relations:
Matt Hall, 336-519-3386
or
Analyst
and Investor Relations:
T.C. Robillard, 336-519-2115