---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-229027"
form_type: "8-K"
ticker: null
cik: "0001359841"
company_name: "Hanesbrands Inc."
filed_at: "2024-09-30T23:59:59+00:00"
generated_at: "2026-05-31T00:24:21.294649+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Hanesbrands completes Champion sale; expects $1B debt paydown in H2 2024

## Summary
- Closed sale of global Champion IP and operating assets to Authentic Brands Group on Sept 30, 2024.
- Expects to pay down approximately $1B of debt in second half of 2024 using proceeds and internal cash generation.
- Vanessa LeFebvre, President Activewear – Global, ceased employment upon closing.
- Will continue to operate Champion in certain sectors/geographies through Jan 31, 2025 transition period.
- Will operate Champion in Japan as a licensee of Authentic.

## SEC filing metadata
- accession: 0001193125-24-229027
- form_type: 8-K
- cik: 0001359841
- company_name: Hanesbrands Inc.
- filed_at: 2024-09-30T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.01, 1.01, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1359841/000119312524229027/0001193125-24-229027-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1359841/000119312524229027/d885699d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-229027
- JSON: https://secwatch.observer/filing/0001193125-24-229027.json
- Plain text: https://secwatch.observer/filing/0001193125-24-229027.txt

## Key facts
- Executive change
  Vanessa LeFebvre departed as President, Activewear – Global at Hanesbrands Inc..
  - Action: ceased employment
  - Role: President, Activewear – Global
  source text: Vanessa LeFebvre, the Company’s President, Activewear – Global, ceased employment with the Company upon the closing of the Transaction.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1359841/000119312524229027/0001193125-24-229027-index.htm
- M&A Transactions
  Hanesbrands Inc. completed a disposition involving ABG-Champion LLC (f/k/a ABG-Sparrow IPCo LLC) (Authentic) (closed 2024-09-30).
  - Action: disposition
  - Counterparty: ABG-Champion LLC (f/k/a ABG-Sparrow IPCo LLC) (Authentic)
  - Closing: 2024-09-30
  source text: On September 30, 2024, the Company completed the previously announced sale of the Business to Authentic.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1359841/000119312524229027/0001193125-24-229027-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.