UNITED STATES
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FORM
CURRENT REPORT
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Item 8.01. | Other Events. |
As previously disclosed, on February 10, 2023, Hanesbrands Inc. (the “Company”) elected to exercise its optional redemption rights to redeem all of its outstanding 3.5% Senior Notes due 2024 (the “2024 Notes”) in the original aggregate principal amount of €500,000,000 and instructed U.S. Bank Trustees Limited (the “Trustee”), as trustee under the indenture governing the 2024 Notes (the “Indenture”), to issue a conditional notice of redemption to registered holders of the 2024 Notes. The date fixed for the redemption of the 2024 Notes is February 21, 2023 (the “Redemption Date”).
The Company’s obligation to redeem the 2024 Notes and pay the redemption price on the Redemption Date is conditioned on the completion by the Company on or prior to the Redemption Date of one or more debt financings, on terms and conditions acceptable to the Company in its sole and absolute discretion, that, collectively, provide net proceeds sufficient to pay the redemption price in full and all fees and expenses related to such debt financings and the redemption (the “Condition”).
On February 15, 2023, the Company instructed the Trustee to issue a supplemental notice of redemption price to registered holders of the 2024 Notes, notifying such holders that the Condition has been satisfied and setting forth the final redemption price.
The 2024 Notes will be redeemed at a redemption price equal to 100.863%, or €1,008.63 per €1,000 principal amount of the Notes, plus accrued and unpaid interest, if any, to, but excluding, the Redemption Date.
The foregoing does not constitute a notice of redemption with respect to the 2024 Notes.
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.
HANESBRANDS INC. | ||||||
Date: February 15, 2023 | By: | /s/ Tracy M. Preston | ||||
Name: | Tracy M. Preston | |||||
Title: | General Counsel, Corporate Secretary & Chief Compliance Officer |
Minimum 15 minutes delayed. Source: LSEG