Long-time client Gildan Activewear completed a $1.2 billion notes offering consisting of $600 million 4.7% Senior Notes due 2030 and $600 million 5.4% Senior Notes due 2035. The net proceeds will be used as part of the financing for Gildan’s acquisition of HanesBrands, on which S&C is also advising.
Montreal, Canada-based Gildan is a leading manufacturer of everyday basic apparel. Gildan’s products include activewear, underwear and socks, sold to a range of customers, including wholesale distributors, screenprinters, embellishers and retailers.
The S&C team advising Gildan on the offering included Neal McKnight, Mario Schollmeyer, Dan Loeser, Nolan Abboud, Katy Beeson and Julia Raphael. Davis Wang, Tessa Lee, Stephen Profeta and Zach Hayworth advised on tax matters.