An announcement from Gildan Activewear ( (TSE:GIL) ) is now available.
On March 12, 2025, Gildan Activewear Inc. announced a private offering of C$700 million in senior unsecured notes across three series, with varying interest rates and maturity dates. The proceeds from this offering are intended for repaying existing debt and general corporate purposes. The notes, rated BBB with a stable trend by DBRS Limited, are expected to close on or about March 13, 2025, and will not be qualified for public sale in Canada or registered under U.S. securities laws. This strategic financial move is aimed at strengthening Gildan’s financial position and supporting its long-term business strategy.
More about Gildan Activewear
Gildan Activewear Inc. is a leading manufacturer of everyday basic apparel, including activewear, underwear, and socks. The company serves a wide range of customers, such as wholesale distributors, screenprinters, retailers, and global lifestyle brands. Gildan markets its products across North America, Europe, Asia Pacific, and Latin America under various company-owned brands and an exclusive licensing agreement for the printwear channel for Champion®. The company operates large-scale manufacturing facilities in Central America, the Caribbean, North America, and Bangladesh, with a strong commitment to industry-leading labor, environmental, and governance practices.
YTD Price Performance: 2.65%
Average Trading Volume: 567,821
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $7.28B
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