HanesBrands Raises 2013 EPS Outlook
Company to Prepay Half of its $500 Million 8% Notes a Year Earlier Than Planned by Using Make-whole Provision
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HanesBrands%20Inc.<%2Fa>%20on%20November%2029%20announced%20that%20it%20will%20use%20its%20strong%20cash%20position%20to%20reduce%20long-term%20debt%20this%20year%20by%20another%20$250%20million%20and%20reduce%20interest%20expense%20in%202013%20by%20prepaying%20half%20of%20its%20$500%20million%20of%208%20percent%20senior%20notes,%20due%202016,%20a%20year%20earlier%20than%20originally%20anticipated.%0D%0A%0D%0Ahttps%3A%2F%2Fwww.printandpromomarketing.com%2Farticle%2Fhanesbrands-raises-2013-eps-outlook%2F" target="_blank" class="email" data-post-id="4986" type="icon_link">
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The company expects to take a pretax charge of approximately $34 million in the fourth quarter of 2012 for bond prepayment expenses due through December 15, 2013, and for acceleration of noncash unamortized debt costs.
For more information, visit www.hanesbrands.com.
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