Hanesbrands sets redemption price for 4 5/8% notes due 2024

By Mary-Katherine Stinson

Lexington, Ky., March 7 – Hanesbrands Inc. announced the redemption price for its outstanding $900 million 4 5/8% senior notes due 2024, according to an 8-K filing with the Securities and Exchange Commission.

The notes will be redeemed in full at par plus accrued interest on March 8.

U.S. Bank Trust Co., NA is the trustee.

The redemption is conditioned on the completion of one or more debt financings that provide enough net proceeds to fund the redemption.

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

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