Hanesbrands intends to refinance a portion of its existing debt
Hanesbrands announced that as part of its continued strategic capital management the company intends to refinance a portion of its existing debt to increase financial and operating flexibility. Hanesbrands may elect to use the net proceeds from these financing transactions, which may include a registered debt offering, to repay all or a portion of its outstanding debt under its existing senior secured credit facility and its senior secured second-lien credit facility, as well as to pay fees and expenses related to these transactions. :theflyonthewall.com
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Hanesbrands sees FY10 EPS growth of at least 25% up to 35% or more
“We have potential for significant earnings growth in 2010,” CEO Richard Noll said. “When you combine the benefits of expected sales growth, operating margin improvement, and lower interest expense, we could see EPS growth of at least 25% and possibly up to 35% or more in 2010. To reach the higher levels of growth, we may need a slight increase in overall consumer-spending levels, potential price increases to offset any systemic inflation, or additional effective use of free cash flow.” :theflyonthewall.com
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