08:01 AM EST, 02/21/2025 (MT Newswires) -- HanesBrands ( HBI ) said Thursday it has priced a $1.1 billion senior secured term loan B facility to replace its existing $300 million loan due in 2030.

The new loan will mature in seven years and is priced at the secured overnight financing rate + 275 basis points, the company said.

HanesBrands ( HBI ) said it also established a $750 million senior secured revolving credit facility due in 2030 and a $400 million term loan A facility, both intended to refinance current debt.

Loan proceeds will be used to redeem senior notes, refinance existing loans, and cover associated fees, the company said.