Hanesbrands to start roadshow Monday for $500 million eight-year notes

By Paul A. Harris

St. Louis, Nov. 29 - Hanesbrands Inc. will start a roadshow on Monday for its $500 million offering of senior notes (expected ratings (B2/B-) in two tranches, according to informed sources.

The Winston-Salem, N.C.-based apparel company is offering fixed-rate notes that will come with four years of call protection and floating-rate notes that will come with two years of call protection.

Morgan Stanley and Merrill Lynch & Co. are joint bookrunners for the notes, which will be marketed via Rule 144A with registration rights and via Regulation S. ABN Amro, Barclays Capital, Citigroup and HSBC are the co-managers.

Proceeds will be used to refinance the company's bridge loan.

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