Hanesbrands Inc.
1000 East Hanes Mill Road
Winston-Salem, NC 27105
FOR IMMEDIATE RELEASE
1000 East Hanes Mill Road
Winston-Salem, NC 27105
FOR IMMEDIATE RELEASE
| News Media, contact: | Matt Hall, (336) 519 3386 |
| Analysts and Investors, contact: | Brian Lantz, (336) 519-7130 |
HANESBRANDS INC. ANNOUNCES PROPOSED SENIOR NOTES OFFERING
WINSTON-SALEM, N.C. (Nov. 29, 2006) – Hanesbrands Inc. (NYSE:HBI) today announced that it has begun a proposed $500 million offering of senior unsecured notes to qualified institutional buyers subject to market and other conditions.
Hanesbrands plans to use the net proceeds of the offering to repay outstanding borrowings under its bridge loan facility, which was approximately $500 million as of Oct. 31, 2006.
The notes are being offered in the United States pursuant to Rule 144A under the Securities Act of 1933, as amended, and to persons outside of the United States under Regulation S under the Securities Act.
The notes will bear interest at a rate to be determined at pricing and will be guaranteed on a senior unsecured basis by each of Hanesbrands’ existing and future subsidiaries that guarantee indebtedness under Hanesbrands’ senior secured credit facility.
The notes and related guarantees have not been registered under the Securities Act of 1933, as amended, or under any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy the notes and the related guarantees, nor shall there be any sale of the notes and the related guarantees in any jurisdiction in which such offer, solicitation or sale is unlawful. This press release is being issued pursuant to and in accordance with Rule 135c under the Securities Act.
Hanesbrands Inc.
Hanesbrands Inc. is a leading marketer of innerwear, outerwear and hosiery apparel under strong consumer brands, including Hanes, Champion, Playtex, Bali, Just My Size, barely there and Wonderbra. The company designs, manufactures, sources and sells T-shirts, bras, panties, men’s underwear, children’s underwear, socks, hosiery, casual wear and active wear. Hanesbrands has approximately 50,000 employees in 24 countries. More information about the company may be found on the Hanesbrands internet Web site at http://www.hanesbrands.com.
Hanesbrands plans to use the net proceeds of the offering to repay outstanding borrowings under its bridge loan facility, which was approximately $500 million as of Oct. 31, 2006.
The notes are being offered in the United States pursuant to Rule 144A under the Securities Act of 1933, as amended, and to persons outside of the United States under Regulation S under the Securities Act.
The notes will bear interest at a rate to be determined at pricing and will be guaranteed on a senior unsecured basis by each of Hanesbrands’ existing and future subsidiaries that guarantee indebtedness under Hanesbrands’ senior secured credit facility.
The notes and related guarantees have not been registered under the Securities Act of 1933, as amended, or under any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy the notes and the related guarantees, nor shall there be any sale of the notes and the related guarantees in any jurisdiction in which such offer, solicitation or sale is unlawful. This press release is being issued pursuant to and in accordance with Rule 135c under the Securities Act.
Hanesbrands Inc.
Hanesbrands Inc. is a leading marketer of innerwear, outerwear and hosiery apparel under strong consumer brands, including Hanes, Champion, Playtex, Bali, Just My Size, barely there and Wonderbra. The company designs, manufactures, sources and sells T-shirts, bras, panties, men’s underwear, children’s underwear, socks, hosiery, casual wear and active wear. Hanesbrands has approximately 50,000 employees in 24 countries. More information about the company may be found on the Hanesbrands internet Web site at http://www.hanesbrands.com.
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