Gildan prices notes of offering at 4.7%, 5.4%

Executive Summary

• Gildan Activewear Inc. has priced a $1.2 billion aggregate principal amount of senior unsecured notes to finance the cash portion of its acquisition of Hanesbrands Inc.
• The offering consists of two series: $600 million of 4.700% notes due 2030 and $600 million of 5.400% notes due 2035.
• Net proceeds will also be used to refinance Hanesbrands' existing indebtedness and pay related transaction fees and expenses.

Key Details

• Total Offering Size: $1.2 billion (U.S.) aggregate principal amount.
• Series 1: $600 million (U.S.) aggregate principal amount of 4.700% senior unsecured notes, due October 7, 2030.
• Series 2: $600 million (U.S.) aggregate principal amount of 5.400% senior unsecured notes, due October 7, 2035.
• Use of Proceeds:
  • Finance the cash portion of the consideration for the acquisition of Hanesbrands Inc.
  • Refinancing of Hanesbrands' existing indebtedness.
  • Related transaction fees and expenses.
• Closing Date: Expected on or about October 7, 2025, subject to customary closing conditions.
• Ranking: Senior unsecured obligations ranking equally in right of payment with all existing and future senior unsecured and unsubordinated indebtedness.
• Regulatory Status: Offered pursuant to exemptions under the Securities Act of 1933 (Rule 144A and Regulation S); not registered under U.S. or Canadian securities laws.

Notable Quotes

• None provided in the text.