We are advising the lead arrangers and agents on the bridge and term loan facilities

Davis Polk is advising the joint lead arrangers and administrative agents, in connection with a $1.2 billion bridge facility and $1.1 billion term loan facilities to be provided to Gildan Activewear in connection with its acquisition of Hanesbrands.

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. It generated adjusted revenue last year of $3.3 billion.

Hanesbrands, based in Winston-Salem, North Carolina, designs, manufactures, sources and sells a range of innerwear apparel for men, women and children. It has with over 50,000 employees in approximately 30 countries.

The Davis Polk finance team includes partner James A. Florack, counsel Benjamin Cheng, Randall (Randy) Dorf and Roxanne Walton and associates Renee G. Levin and Gabrielle McLymont. Partner Roshni Banker Cariello and counsel Jennifer (Ying) Lan are providing capital markets advice. Members of the Davis Polk team are based in the New York and Washington DC offices.

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