HanesBrands Initiates Completion of Planned $300 Million Reduction of Long-term Debt in 2012
Continued Free Cash Flow Allows HanesBrands to Call for Redemption of Remaining $147 Million of Floating Rate Senior Notes Due 2014
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"Free cash flow is tracking to our plans and has allowed us to meet our goal of retiring all $300 million of our floating-rate notes this year," said Hanes Chief Financial Officer Richard D. Moss. "Our priority for use of free cash flow next year will continue to be the deleveraging of our balance sheet as we expect to prepay another $500 million of bond debt late in 2013."
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