Gildan Activewear Raises $1.2 Billion in Notes Offering to Finance HanesBrands Acquisition

"Gildan Activewear has successfully completed a $1.2 billion notes offering, which includes $600 million in 4.7% Senior Notes due 2030 and $600 million in 5.4% Senior Notes due 2035. The proceeds will help finance Gildan's acquisition of HanesBrands. Gildan, based in Montreal, is a major manufacturer of basic apparel, including activewear, underwear, and socks. The advisory team from S&C included several members, with additional tax advice provided by a separate team."

In a recent transaction, law firms Sullivan & Cromwell (S&C) and Davis Polk & Wardwell LLP participated in advising Gildan Activewear on its $1.2 billion notes offering and related acquisition of HanesBrands. Gildan Activewear, a Montreal-based leading manufacturer of everyday basic apparel, successfully completed a notes offering that included $600 million in 4.7% Senior Notes due 2030 and $600 million in 5.4% Senior Notes due 2035. The net proceeds from this offering will be utilized as part of the financing for Gildan's acquisition of HanesBrands. The S&C team advising Gildan on the offering comprised Neal McKnight, Mario Schollmeyer, Dan Loeser, Nolan Abboud, Katy Beeson, and Julia Raphael. Additionally, Davis Polk & Wardwell LLP provided counsel on tax matters, with a team that included Davis Wang, Tessa Lee, Stephen Profeta, and Zach Hayworth. The press release does not specify the seniority or practice areas of the individual lawyers involved.

Gildan Activewear Raises $1.2 Billion in Notes Offering to Finance HanesBrands Acquisition

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