The investment-grade notes are due 2030 and 2035

Davis Polk advised the joint book-running managers and representatives of the underwriters in connection with the offering by Gildan Activewear Inc. of $600 million aggregate principal amount of 4.700% notes due 2030 and $600 million aggregate principal amount of 5.400% notes due 2035. The proceeds are to be used to fund a portion of the cash consideration for Gildan’s acquisition of Hanesbrands Inc. as well as the refinancing of certain of Hanesbrands’ existing indebtedness.

Gildan Activewear, founded in 1946 and headquartered in Montreal, Canada, manufactures and sells various apparel products under a variety of brands including Gildan, Comfort Colors and American Apparel.

The Davis Polk capital markets team included partner Roshni Banker Cariello, counsel Jennifer (Ying) Lan and associates Robert Van de Mark and David J. Kilduff. Partner Corey M. Goodman and associate William Liang provided tax advice. Counsel Loyti Cheng and associate Timothy J. Sullivan provided environmental advice. Partner Matthew J. Bacal and associate Francesca Masella provided intellectual property advice. All members of the Davis Polk team are based in the New York office.

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