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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): November 30, 2009
Hanesbrands Inc.
(Exact name of registrant as specified in its charter)
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Maryland
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001-32891
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20-3552316 |
(State or other jurisdiction
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(Commission File Number)
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(IRS Employer |
of incorporation)
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Identification No.) |
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1000 East Hanes Mill Road
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27105 |
Winston-Salem, NC
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(Zip Code) |
(Address of principal |
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executive offices) |
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Registrants telephone number, including area code: (336) 519-8080
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the
filing obligation of the registrant under any of the following provisions:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
TABLE OF CONTENTS
Item 7.01. Regulation FD Disclosure
Item 9.01. Financial Statements and Exhibits
Item 7.01. Regulation FD Disclosure
On November 30, 2009, Hanesbrands Inc. (Hanesbrands) issued a press release announcing that it plans
to commence a public offering of $500 million of senior notes pursuant to an effective shelf
registration statement filed with the Securities and Exchange
Commission and that it intends to
amend and restate its existing senior secured credit facility to
provide for a proposed $1.15
billion in new senior secured credit facilities.
Hanesbrands
intends to simultaneously use the net proceeds from the notes offering together with borrowings from
the proposed new senior secured credit facilities to refinance all or a portion of
its outstanding debt under its existing senior secured credit facility and repay all of its
outstanding debt under its senior secured second-lien credit facility, as well as to pay fees and
expenses related to these transactions.
A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and
is incorporated herein by reference.
This Current Report on Form 8-K does not constitute an offer to sell or the solicitation of an
offer to buy any securities, nor shall it constitute an offer, solicitation or sale in any
jurisdiction in which such offer, solicitation or sale is unlawful.
Statements in this Current Report on Form 8-K 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 securities 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
2008 Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K,
registration statements, 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.
Item 9.01. Financial Statements and Exhibits
(c) Exhibits
Exhibit 99.1 Press release dated November 30, 2009
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly
caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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November 30, 2009
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HANESBRANDS INC. |
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By:
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/s/ E. Lee Wyatt Jr. |
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E. Lee Wyatt Jr.
Executive Vice President, Chief
Financial Officer |
Exhibits
Exhibit 99.1 Press release dated November 30, 2009
exv99w1
Exhibit
99.1
Hanesbrands
Inc.
1000 East Hanes Mill Road
Winston-Salem, NC 27105
(336) 519-4400
news release
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FOR
IMMEDIATE RELEASE |
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News Media, contact:
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Matt Hall, (336) 519-3386 |
Analysts and Investors, contact:
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Brian Lantz, (336) 519-7130 |
HANESBRANDS
INC. ANNOUNCES PROPOSED SENIOR NOTES OFFERING AND
PROPOSED NEW SENIOR SECURED CREDIT FACILITY
WINSTON-SALEM, N.C.
(Nov. 30, 2009) Hanesbrands Inc. (NYSE: HBI) today announced that it plans
to commence a public offering of $500 million of senior notes pursuant to an effective shelf
registration statement filed with the Securities and Exchange
Commission and that it intends to
amend and restate its existing senior secured credit facility to
provide for a proposed $1.15
billion in new senior secured credit facilities.
Hanesbrands
intends to simultaneously use the net proceeds from the notes offering together with borrowings from
the proposed new senior secured credit facilities to refinance all or a portion of
its outstanding debt under its existing senior secured credit facility and repay all of its
outstanding debt under its senior secured second-lien credit facility, as well as to pay fees and
expenses related to these transactions.
The exact terms and timing of the refinancing will depend upon market conditions and other factors.
J.P. Morgan Securities Inc., Banc of America Securities LLC, HSBC Securities (USA) Inc. and
Goldman, Sachs & Co. will act as joint book-running managers, and
Barclays Capital Inc., RBC
Capital Markets Corporation and BB&T Capital Markets will act as co-managers of the notes offering.
The offering is being made solely by means of a prospectus supplement and accompanying prospectus,
which has been filed with the SEC. Before investing, the prospectus supplement and
accompanying prospectus should be read, as well as other documents the company has filed or will file with the SEC
for more complete information about Hanesbrands and this offering.
These documents are available for
free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, the company, any
underwriter or any dealer participating in the offering will arrange to send the prospectus
relating to the offering if requested by calling J.P. Morgan
Securities Inc. at (800) 245-8812,
Banc of America Securities LLC at (800) 294-1322, HSBC Securities
(USA) Inc. at (866) 811-8049 or Goldman, Sachs
& Co. at (866) 471-2526.
Hanesbrands
Inc. Announces Proposed Senior Notes Offering and Proposed New Senior Secured Credit
Facility Page 2
This press release does not constitute an offer to sell or a solicitation of an offer to buy the
securities described herein, nor shall there be any sale of these securities in any state or other
jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of any such jurisdiction.
Hanesbrands Inc.
Hanesbrands Inc. is a leading marketer of everyday apparel essentials under some of the worlds
strongest apparel brands, including Hanes, Champion, Playtex, Bali, JMS/Just My Size, barely there
and Wonderbra. The company sells T-shirts, bras, panties, mens underwear, childrens underwear,
socks, hosiery, casualwear and activewear produced in the companys low-cost global supply chain.
Hanesbrands has approximately 45,000 employees in more than 25 countries.
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
securities 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 2008 Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current
Reports on Form 8-K, registration statements, 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.
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