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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Hanes has issued a notice of redemption pursuant to the indenture for the Floating Rate Notes due 2014 stating that it intends to redeem $147,055,000 aggregate principal amount of the Floating Rate Notes on Oct. 17, 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. Hanes had already redeemed $150 million of the Floating Rate Notes on July 12, 2012.
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