Issuer Free Writing Prospectus Filed Pursuant to Rule 433
(Related to Preliminary Prospectus Supplement Dated November 30, 2009)
Registration No. 333-152733
December 3, 2009
(Related to Preliminary Prospectus Supplement Dated November 30, 2009)
Registration No. 333-152733
December 3, 2009
Hanesbrands Inc.
Pricing Term Sheet
This Pricing Term Sheet is qualified in its entirety by reference to the Preliminary Prospectus
Supplement, dated November 30, 2009. The information in this Pricing Term Sheet supplements the
Preliminary Prospectus Supplement and supersedes the information in the Preliminary Prospectus
Supplement to the extent it is inconsistent with the information in the Preliminary Prospectus
Supplement. Capitalized terms used in this Pricing Term Sheet but not defined have the meanings
given them in the Preliminary Prospectus Supplement.
Issuer:
|
Hanesbrands Inc. | |
Size:
|
$500,000,000 | |
Maturity:
|
December 15, 2016 | |
Coupon:
|
8.00% | |
Price:
|
98.686% of face amount | |
Yield to maturity:
|
8.25% | |
Spread to Benchmark Treasury:
|
+541 basis points | |
Benchmark Treasury:
|
UST 4.625% due 11/15/2016 | |
Interest Payment Dates:
|
December 15 and June 15, commencing June 15, 2010 | |
Gross Proceeds:
|
$493,430,000 | |
Net Proceeds to the Issuer (before expenses):
|
$482,180,000 | |
Redemption Provisions: |
||
First call date:
|
December 15, 2013 | |
Make-whole call:
|
Before the first call date at a discount rate of Treasury plus 50 basis points | |
Redemption prices:
|
Commencing December 15, 2013: 104.000% Commencing December 15, 2014: 102.000% Commencing December 15, 2015: 100.000% |
|
Redemption with proceeds of equity
offering:
|
Prior to December 15, 2012, up to 35% may be redeemed at 108% | |
Change of control:
|
Put at 101% of principal plus accrued interest | |
Trade date:
|
December 3, 2009 | |
Settlement:
|
T+5; December 10, 2009 | |
Denominations:
|
$2,000 and integral multiples of $1,000 | |
CUSIP/ISIN:
|
410345 AF9/US410345AF99 |
2
Form of Offering:
|
SEC Registered (Registration No. 333-152733) | |
Ratings:
|
Moody’s: B11 S&P: B+1 |
|
Joint book-running managers:
|
J.P. Morgan Securities Inc. Banc of America Securities LLC HSBC Securities (USA) Inc. Goldman, Sachs & Co. |
|
Co-managers:
|
Barclays Capital Inc. BB&T Capital Markets PNC Capital Markets LLC RBC Capital Markets Corporation |
|
Additional information:
|
The closing of this offering is conditioned, among other thing, on the Company having entered, on or prior to the closing date of this offering, into the New Senior Secured Credit Facilities. |
| 1 | A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time. |
The issuer has filed a registration statement (including a prospectus and prospectus supplement)
with the SEC for the offering to which this communication relates. Before you invest, you should
read the prospectus in that registration statement and other documents the issuer has filed with
the SEC for more complete information about the issuer and this offering. You may get these
documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the
issuer, any underwriter or any dealer participating in the offering will arrange to send you the
prospectus if you request it by contacting 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.
Minimum 15 minutes delayed. Source: LSEG