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    SEC Form 8-K filed by Hanesbrands Inc.

    3/13/25 8:58:51 PM ET
    $HBI
    Clothing/Shoe/Accessory Stores
    Consumer Discretionary
    Get the next $HBI alert in real time by email
    8-K
    false 0001359841 0001359841 2025-03-13 2025-03-13 0001359841 dei:FormerAddressMember 2025-03-13 2025-03-13

     

     

    UNITED STATES

    SECURITIES AND EXCHANGE COMMISSION

    Washington, D.C. 20549

     

     

    FORM 8-K

     

     

    CURRENT REPORT

    Pursuant to Section 13 or 15(d)

    of the Securities Exchange Act of 1934

    Date of Report (Date of earliest event reported): March 13, 2025

     

     

    Hanesbrands Inc.

    (Exact name of registrant as specified in its charter)

     

     

     

    Maryland   001-32891   20-3552316

    (State or other jurisdiction

    of incorporation)

     

    (Commission

    File Number)

     

    (IRS Employer

    Identification No.)

     

    101 N. Cherry Street

    Winston-Salem, North Carolina

      27101
    (Address of principal executive offices)   (Zip Code)

    (336) 519-8080

    (Registrant’s telephone number, including area code)

    1000 East Hanes Mill Road

    Winston-Salem, North Carolina 27105

    (Former address)

     

     

    Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

     

    ☐

    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

     

    ☐

    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

     

    ☐

    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

     

    ☐

    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

    Securities registered pursuant to Section 12(b) of the Act:

     

    Title of each class

     

    Trading

    Symbol(s)

     

    Name of each exchange

    on which registered

    Common stock, par value $0.01 per share   HBI   New York Stock Exchange

    Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

    Emerging growth company ☐

    If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

     

     

     


    Item 8.01.

    Other Events.

    As previously disclosed, on February 13, 2025, Hanesbrands Inc. (the “Company”) elected to exercise its optional redemption rights to redeem all of its outstanding 4.875% Senior Notes due 2026 (the “Notes”) in the original aggregate principal amount of $900,000,000 and instructed U.S. Bank Trust Company, National Association, as successor in interest to U.S. Bank National Association (the “Trustee”), as trustee under the indenture governing the Notes (the “Indenture”), to issue a conditional notice of redemption to registered holders of the Notes. The date fixed for the redemption of the Notes is March 17, 2025 (the “Redemption Date”).

    The Company’s obligation to redeem the Notes and pay the redemption price on the Redemption Date was conditioned on the completion by the Company on or prior to the Redemption Date of one or more debt financings, on terms and conditions acceptable to the Company in its sole and absolute discretion, that, collectively, provide net proceeds sufficient to pay the redemption price in full and all fees and expenses related to such debt financings and the redemption (the “Condition”).

    On March 13, 2025, the Company instructed the Trustee to issue a supplemental notice of redemption price to registered holders of the Notes, notifying such holders that the Condition has been satisfied and setting forth the final redemption price.

    The Notes will be redeemed at a redemption price equal to 100.154904%, or $1,001.54904 per $1,000 principal amount of the Notes, plus accrued and unpaid interest, if any, to, but excluding, the Redemption Date.

    The foregoing does not constitute a notice of redemption with respect to the Notes.


    SIGNATURES

    Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

     

        HANESBRANDS INC.
    Date: March 13, 2025     By:  

    /s/ Kristin L. Oliver

        Name:   Kristin L. Oliver
        Title:   EVP, Chief Human Resources Officer & Chief Legal Officer
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