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Reuters
Published
Nov 17, 2009
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Hanesbrands to refinance existing debt

By
Reuters
Published
Nov 17, 2009

Nov 17 (Reuters) - Hanesbrands Inc (HBI.N) said it intends to refinance a portion of its existing debt through financing transactions, which may include a debt offering.



The company, whose brands include Hanes, Champion, Playtex and Wonderbra, said it may use the proceeds from the transactions to repay all or a part of its existing senior secured credit facility and senior secured second-lien credit facility.

In September, the maker of innerwear, outerwear and hosiery apparel had said it would sell three of its yarn manufacturing plants and shut a fourth plant and two warehouses to reduce costs.

Shares of the Winston-Salem, North Carolina-based company, were down 4 percent at $24.87 in morning trade Tuesday 17 November on the New York Stock Exchange. (Reporting by Shobhana Chadha in Bangalore; Editing by Pradeep Kurup)

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