Gildan Announces Pricing of Private Offering of US$1.2 Billion Senior Unsecured Notes

Core Viewpoint - Gildan Activewear Inc. has announced the pricing of a US$1.2 billion offering of senior unsecured notes to fund the acquisition of Hanesbrands Inc. and refinance existing debt [1][2]. Group 1: Offering Details - The offering consists of two series of senior unsecured notes: US$600 million of 4.700% notes due October 7, 2030, and US$600 million of 5.400% notes due October 7, 2035 [1]. - The expected closing date for the offering is around October 7, 2025, subject to customary closing conditions [2]. Group 2: Use of Proceeds - The net proceeds from the notes will be used for the cash portion of the acquisition of Hanesbrands, refinancing Hanesbrands' existing debt, and covering related transaction fees and expenses [2]. Group 3: Company Overview - Gildan is a leading manufacturer of everyday basic apparel, including activewear, underwear, and socks, marketed under various brands such as Gildan®, American Apparel®, and Champion® [10]. - The company operates large-scale manufacturing facilities primarily located in Central America, the Caribbean, North America, and Bangladesh, with a strong commitment to labor, environmental, and governance practices [11].