secwatch.observer — SEC 8-K summary
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Issuer:     Hanesbrands Inc. (—)
CIK:        0001359841
Form:       8-K
Filed at:   2025-03-10T23:59:59+00:00
Accession:  0001193125-25-051109
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hanesbrands completes $2.25B refinancing of 2026 maturities; extends debt maturities to 2030/2032
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1359841/000119312525051109/0001193125-25-051109-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1359841/000119312525051109/d890715d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-051109

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer