--- 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" generated_at: "2026-05-25T00:58:43.616141+00:00" event_type: "debt" sentiment: "neutral" materiality_score: 0.6 calibrated_materiality_score: 0.6 confidence: "high" source: SEC EDGAR --- # Hanesbrands completes $2.25B refinancing of 2026 maturities; extends debt maturities to 2030/2032 ## Summary - 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. ## SEC filing metadata - accession: 0001193125-25-051109 - form_type: 8-K - cik: 0001359841 - company_name: Hanesbrands Inc. - filed_at: 2025-03-10T23:59:59+00:00 - event_type: debt - sentiment: neutral - materiality_score: 0.6 - calibrated_materiality_score: 0.6 - confidence: high - sec_items: 1.01, 2.03, 8.01, 9.01 - 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 ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001193125-25-051109 - JSON: https://secwatch.observer/filing/0001193125-25-051109.json - Plain text: https://secwatch.observer/filing/0001193125-25-051109.txt ## Key facts - Debt Financings 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. - Instrument: term loan - Principal: $400.0 million senior secured term loan A facility - Counterparty: JPMorgan Chase Bank, N.A., as the administrative agent and the collateral agent, and a syndicate of various financial institutions - Rate: SOFR plus an applicable margin initially 2.00% (SOFR-based) or base rate plus 1. - Maturity: March 7, 2030 - Event: incurrence source text: 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_url: https://www.sec.gov/Archives/edgar/data/1359841/000119312525051109/0001193125-25-051109-index.htm - Debt Financings 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. - Instrument: revolving credit - Principal: $750.0 million senior secured revolving credit facility - Counterparty: JPMorgan Chase Bank, N.A., as the administrative agent and the collateral agent, and a syndicate of various financial institutions - Rate: SOFR plus an applicable margin initially 2.00% (SOFR-based) or base rate plus 1. - Maturity: March 7, 2030 - Event: incurrence source text: 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_url: https://www.sec.gov/Archives/edgar/data/1359841/000119312525051109/0001193125-25-051109-index.htm - Debt Financings 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. - Instrument: term loan - Principal: $1.1 billion senior secured term loan B facility - Counterparty: JPMorgan Chase Bank, N.A., as the administrative agent and the collateral agent, and a syndicate of various financial institutions - Rate: SOFR plus 2.75% - Maturity: March 7, 2032 - Event: incurrence source text: 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_url: https://www.sec.gov/Archives/edgar/data/1359841/000119312525051109/0001193125-25-051109-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.