{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-051109","form_type":"8-K","ticker":null,"cik":"0001359841","company_name":"Hanesbrands Inc.","filed_at":"2025-03-10T23:59:59+00:00","discovered_at":"2026-05-14T18:03:03.426615+00:00","generated_at":"2026-05-25T00:58:43.616141+00:00","sec_items":["1.01","2.03","8.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Hanesbrands completes $2.25B refinancing of 2026 maturities; extends debt maturities to 2030/2032","bullets":["Closed $750M revolver, $400M Term Loan A (both due 2030), and $1.1B Term Loan B (due 2032).","Proceeds redeem all outstanding 4.875% Senior Notes due 2026 and refinance existing credit facilities.","Term Loan B priced at 99.75% with SOFR + 2.75%; revolver/Term Loan A at SOFR + 2.00% initially, grid-based.","Financial covenants: max Net Total Leverage Ratio 5.00x stepping to 4.50x; min Net Interest Coverage Ratio 2.00x stepping to 2.25x.","CEO Bratspies says refinancing provides flexibility to continue debt reduction and create shareholder value."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-051109","json":"https://secwatch.observer/filing/0001193125-25-051109.json","markdown":"https://secwatch.observer/filing/0001193125-25-051109.md","text":"https://secwatch.observer/filing/0001193125-25-051109.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1359841/000119312525051109/0001193125-25-051109-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1359841/000119312525051109/d890715d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-25T00:58:43.616141+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"c7543306a8d724398f235ec8b1bdbb97eab01772","claim":"Hanesbrands Inc. incurred term loan of $400.0 million senior secured term loan A facility with JPMorgan Chase Bank, N.A., as the administrative agent and the collateral agent, and a syndicate of various financial institutions at SOFR plus an applicable margin initially 2.00% (SOFR-based) or base rate plus 1. maturing March 7, 2030.","evidence_excerpt":"The Credit Agreement provides for a $750.0 million senior secured revolving credit facility maturing March 7, 2030 (the “Revolving Loan Facility”), a $400.0 million senior secured term loan A facility maturing March 7, 2030 (the “Term Loan A Facility”), and a $1.1 billion senior secured term loan B facility maturing March 7, 2032 (the “Term Loan B Facility” and, together with the Revolving Loan Facility and the Term Loan A Facility, the “Senior Secured Credit Facility”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1359841/000119312525051109/0001193125-25-051109-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"$400.0 million senior secured term loan A facility"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A., as the administrative agent and the collateral agent, and a syndicate of various financial institutions"},{"label":"Rate","value":"SOFR plus an applicable margin initially 2.00% (SOFR-based) or base rate plus 1."},{"label":"Maturity","value":"March 7, 2030"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"cf541202340da893bd54c929baf5f96b0e04fb32","claim":"Hanesbrands Inc. incurred revolving credit of $750.0 million senior secured revolving credit facility with JPMorgan Chase Bank, N.A., as the administrative agent and the collateral agent, and a syndicate of various financial institutions at SOFR plus an applicable margin initially 2.00% (SOFR-based) or base rate plus 1. maturing March 7, 2030.","evidence_excerpt":"The Credit Agreement provides for a $750.0 million senior secured revolving credit facility maturing March 7, 2030 (the “Revolving Loan Facility”), a $400.0 million senior secured term loan A facility maturing March 7, 2030 (the “Term Loan A Facility”), and a $1.1 billion senior secured term loan B facility maturing March 7, 2032 (the “Term Loan B Facility” and, together with the Revolving Loan Facility and the Term Loan A Facility, the “Senior Secured Credit Facility”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1359841/000119312525051109/0001193125-25-051109-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$750.0 million senior secured revolving credit facility"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A., as the administrative agent and the collateral agent, and a syndicate of various financial institutions"},{"label":"Rate","value":"SOFR plus an applicable margin initially 2.00% (SOFR-based) or base rate plus 1."},{"label":"Maturity","value":"March 7, 2030"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"eb71e837a5a68e0bd1bf862c88bbdd5036a7e532","claim":"Hanesbrands Inc. incurred term loan of $1.1 billion senior secured term loan B facility with JPMorgan Chase Bank, N.A., as the administrative agent and the collateral agent, and a syndicate of various financial institutions at SOFR plus 2.75% maturing March 7, 2032.","evidence_excerpt":"The Credit Agreement provides for a $750.0 million senior secured revolving credit facility maturing March 7, 2030 (the “Revolving Loan Facility”), a $400.0 million senior secured term loan A facility maturing March 7, 2030 (the “Term Loan A Facility”), and a $1.1 billion senior secured term loan B facility maturing March 7, 2032 (the “Term Loan B Facility” and, together with the Revolving Loan Facility and the Term Loan A Facility, the “Senior Secured Credit Facility”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1359841/000119312525051109/0001193125-25-051109-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"$1.1 billion senior secured term loan B facility"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A., as the administrative agent and the collateral agent, and a syndicate of various financial institutions"},{"label":"Rate","value":"SOFR plus 2.75%"},{"label":"Maturity","value":"March 7, 2032"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}