Hanesbrands sets redemption price for 3½% notes due 2024

By Mary-Katherine Stinson

Lexington, Ky., Feb. 15 – Hanesbrands Inc. announced the redemption price for all its outstanding €500 million 3½% senior notes due 2024 (ISIN: XS1419663247, XS1419661118), according to an 8-K filing with the Securities and Exchange Commission.

The notes will be redeemed at 100.863, or €1,008.63 per €1,000 principal amount of the notes plus accrued interest, if any, on Feb. 21.

U.S. Bank Trustees Ltd. is the trustee, Elavon Financial Services DAC, UK Branch is the paying agent and transfer agent and Elavon Financial Services DAC is the registrar.

The redemption was conditioned on the completion of one or more debt financings that provide enough net proceeds to fund the redemption. The company notified the trustee on Feb. 15 that the condition had been satisfied.

Hanesbrands is a Winston-Salem, N.C.-based marketer of everyday basic apparel.

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