June 5 (Reuters) - HanesBrands Inc ( HBI ):

* HANESBRANDS SIGNS AGREEMENT TO SELL GLOBAL CHAMPION

BUSINESS TO

AUTHENTIC BRANDS GROUP

* HANESBRANDS INC ( HBI ): TRANSACTION VALUED AT $1.2 BILLION

* HANESBRANDS INC ( HBI ): EXPECTS NET PROCEEDS FROM TRANSACTION OF

APPROXIMATELY $900 MILLION

* HANESBRANDS INC ( HBI ): INTENDS TO CLASSIFY CHAMPION AS

DISCONTINUED

OPERATIONS IN Q2 OF 2024

* HANESBRANDS INC ( HBI ): EXPECTS TO UPDATE ITS FULL-YEAR 2024

GUIDANCE

IN CONJUNCTION WITH RELEASE OF ITS SECOND-QUARTER EARNINGS

RESULTS

* HANESBRANDS INC ( HBI ): WILL UTILIZE ALL NET PROCEEDS FROM

TRANSACTION

TO ACCELERATE ITS REDUCTION OF DEBT

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