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. PRICES $500 MILLION SENIOR NOTES OFFERING
WINSTON-SALEM, N.C. (Dec. 11, 2006) – Hanesbrands Inc. (NYSE:HBI) today announced that it has priced its offering of $500 million aggregate principal amount of floating-rate senior notes due in 2014. The floating-rate notes will bear interest at a per-annum rate, reset semiannually, equal to the six-month London Interbank Offered Rate plus a margin of 3.375 percent.
Hanesbrands expects the notes offering to close on Dec. 14, 2006. 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.
This news release is neither an offer to sell nor a solicitation of an offer to buy the described senior notes, nor shall there be any sale of these securities in any jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
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.
Cautionary Statement Concerning Forward-Looking Statements
This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements are subject to certain risks, uncertainties and assumptions and include the timing and completion of the notes offering described herein, and while Hanesbrands believes that its expectations are reasonable, actual results may vary materially. Hanesbrands undertakes no obligation to update or revise any forward-looking statements. This cautionary statement should be considered in connection with information regarding risks and uncertainties that may affect Hanesbrands’ future results included in Hanesbrands’ filings with the Securities and Exchange Commission.
Hanesbrands expects the notes offering to close on Dec. 14, 2006. 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.
This news release is neither an offer to sell nor a solicitation of an offer to buy the described senior notes, nor shall there be any sale of these securities in any jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
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.
Cautionary Statement Concerning Forward-Looking Statements
This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements are subject to certain risks, uncertainties and assumptions and include the timing and completion of the notes offering described herein, and while Hanesbrands believes that its expectations are reasonable, actual results may vary materially. Hanesbrands undertakes no obligation to update or revise any forward-looking statements. This cautionary statement should be considered in connection with information regarding risks and uncertainties that may affect Hanesbrands’ future results included in Hanesbrands’ filings with the Securities and Exchange Commission.
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