As previously disclosed, on February 6, 2023, Hanesbrands Inc. (the “Company”) elected to exercise its optional redemption rights to redeem all of its outstanding 4.625% Senior Notes due 2024 (the “Notes”) in the original aggregate principal amount of $900,000,000 and instructed U.S. Bank Trust Company, National Association, as successor in interest to U.S. Bank National Association (the “Trustee”), as trustee under the indenture governing the Notes (the “Indenture”), to issue a conditional notice of redemption to registered holders of the Notes. The date fixed for the redemption of the Notes is March 8, 2023 (the “Redemption Date”).
The Company’s obligation to redeem the Notes and pay the redemption price on the Redemption Date is conditioned on the completion by the Company on or prior to the Redemption Date of one or more debt financings, on terms and conditions acceptable to the Company in its sole and absolute discretion, that, collectively, provide net proceeds sufficient to pay the redemption price in full and all fees and expenses related to such debt financings and the redemption.
On March 6, 2023, the Company instructed the Trustee to issue a supplemental notice of redemption price to registered holders of the Notes setting forth the final redemption price.
The Notes will be redeemed at a redemption price equal to 100.00%, or $1,000 per $1,000 principal amount of the Notes, plus accrued and unpaid interest, if any, to, but excluding, the Redemption Date.
The foregoing does not constitute a notice of redemption with respect to the Notes.
