Hanesbrands Inc.: M&A transaction — Gildan closes acquisition of Hanesbrands; shareholders get 0.102 GIL shares + $0.80 cash

Hanesbrands Inc.

Each HBI share converted into 0.102 Gildan common shares and $0.80 cash without interest.
Hanesbrands Common Stock delisted from NYSE; Form 15 to be filed to deregister under Section 12(g).
All directors resigned and all officers ceased at closing; company now wholly owned subsidiary of Gildan.
Repaid and terminated $750M revolver, $400M term loan A, and $1.1B term loan B under credit agreement.
To redeem all $600M 9.000% Senior Notes due 2031 on Dec 11, 2025 at par plus accrued interest and premium.

item 1.02 item 2.01 item 3.01 item 3.03 item 5.01 item 5.02 item 5.03 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Hanesbrands Inc.: Hanesbrands converted from a corporation to a limited liability company, adopting articles of conversion and an LLC Agreement.

Change: charter amendment

Exact text from the filing

Pursuant to the Merger Agreement, in connection with the LLC Conversion, Hanesbrands filed with the Maryland State Department of Assessments and Taxation articles of conversion of Hanesbrands (the “Articles of Conversion”). The Articles of Conversion are attached as Exhibit 3.1 to this Current Report and incorporated by reference herein. In addition, at the LLC Conversion Effective Time, Hanesbrands adopted a Limited Liability Company Agreement of Hanesbrands (the “LLC Agreement”).

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M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Hanesbrands Inc. underwent a change of control involving Gildan Activewear Inc. (closed 2025-12-01).

Action: change of control
Counterparty: Gildan Activewear Inc.
Closing: 2025-12-01

Exact text from the filing

On December 1, 2025 (the “Closing Date”), Gildan Activewear Inc., a corporation incorporated under the Canada Business Corporations Act (“Gildan”), acquired Hanesbrands Inc. (now known as Hanesbrands LLC) (“Hanesbrands”) through multiple steps pursuant to an Agreement and Plan of Merger

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Source: SEC EDGAR

accession 0001193125-25-303276

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