Hanesbrands prices $500 million debt offering
Hanesbrands (NYSE: HBI), parent of Champion, said it has priced its offering of $500 million worth of 8 percent senior notes due Dec. 15, 2016, at a price of 98.686 percent of the principal amount.
Hanesbrands will pay interest semiannually on Dec. 15 and June 15, beginning this June. The company plans to use the proceeds from the notes, along with other credit, to refinance other outstanding debt.
JPMorgan Securities, Banc of America Securities, HSBC Securities (USA) and Goldman Sachs & Co. are book-running managers. Barclays Capital, BB&T Capital Markets, PNC Capital Markets and RBC Capital Markets are co-managers.
Costco same-store sales up 6 percent in November
Costco (Nasdaq: COST) said November sales rose 6 percent, helped by a weaker dollar and higher gas prices.
For the period ended Nov. 29, U.S. same-store sales increased 2 percent, while international same-store sales jumped 21 percent in the period.
Excluding the favorable impacts from higher gas prices and the stronger dollar, sales at stores open at least a year increased 2 percent for the month, with U.S. results flat and international results up 7 percent.
Total November net sales grew 9 percent to $6.04 billion versus $5.55 billion last year.
--Compiled by Wendy Geister
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