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HanesBrands Announces Successful Pricing of Senior Secured Term Loan B Facility

1. HBI prices $1.1B Term Loan B to replace $300M existing debt. 2. New loan matures in 7 years at SOFR+275bps with a 9 OID.

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FAQ

Why Neutral?

The refinancing activity indicates proactive balance sheet management but does not change core earnings or growth drivers. Similar debt restructurings in the past have shown minimal direct impact on share price.

How important is it?

The refinancing from $300M to $1.1B is significant in size and signals an active restructuring of debt, which is material news. However, the terms and market reaction are expected to produce only a moderate impact on HBI's valuation.

Why Short Term?

News of refinancing typically influences investor sentiment and liquidity metrics immediately, though its long-term effect is limited. Historically, such announcements have led to short-term volatility rather than sustained moves.

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PVH
WINSTON-SALEM, N.C--(BUSINESS WIRE)--HanesBrands (NYSE: HBI) today announced that it has successfully priced its senior secured term loan B facility in an aggregate principal amount of $1.1 billion (the “Term Loan B”) to replace the Company's existing $300 million Term Loan B due 2030 (the “Existing Term Loan B”). The Term Loan B will mature seven years after the date of closing, which is expected to occur in the next few weeks. The Term Loan B priced at SOFR + 275 basis points with an OID of 9.

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