HanesBrands Initiates First Half of Planned $300 Million Reduction of Long-Term Debt in 2012
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HanesBrands has issued a notice of redemption pursuant to the indenture for the Floating Rate Notes due 2014, stating that it intends to redeem $150 million aggregate principal amount of the Floating Rate Notes on July 12, 2012, at a redemption price equal to 100 percent of the principal amount of the Notes, including interest accrued and unpaid to the redemption date. Following the redemption date, up to $147,055,000 aggregate principal amount of Floating Rate Notes will remain outstanding.
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