338
Fashion Jobs
DFS
Senior Merchandising Manager (Global Merchandising)
Permanent · HONG KONG
STOCKX
Operations Specialist
Permanent · TSUEN WAN
A & F
Hollister CO. - Brand Representative (Part-Time / Full-Time), Hysan Place
Permanent · CAUSEWAY BAY
A & F
Hollister CO. - Brand Representative (Part-Time / Full-Time), Yoho Mall
Permanent · YUEN LONG
A & F
Abercrombie & Fitch - Brand Representative (Part-Time / Full-Time), Festival Walk
Permanent · KOWLOON TONG
L'OREAL GROUP
Assistant Purchasing Manager (Marketing, Digital IT)
Permanent · HONG KONG
DR. MARTENS
Head of Financial Accounting, Apac
Permanent · TSIM SHA TSUI
TJX COMPANIES
Director of Sourcing, Apparel -Hong Kong
Permanent · KWUN TONG
A & F
Abercrombie & Fitch - Brand Representative (Part-Time / Full-Time), Harbour City
Permanent · TSIM SHA TSUI
FRESH
Senior/Retail & Education Executive, tr Apac
Permanent · HONG KONG
JAEGER
Training Manager
Permanent · HONG KONG
KERING EYEWEAR
Kering Eyewear Assistant Trade Marketing Manager Travel Retail
Permanent · HONG KONG
LOUIS VUITTON MALLETIER
Repair Operations Specialist
Permanent · HONG KONG
LOUIS VUITTON MALLETIER
Specialist - Client Development
Permanent · HONG KONG
LOUIS VUITTON MALLETIER
Senior Specialist - Client Development
Permanent · HONG KONG
BENEFIT COSMETICS
Retail & Operations Manager
Permanent · HONG KONG
CHRISTIAN DIOR COUTURE
Logistics Officer - Sales Administration
Permanent · CAUSEWAY BAY
LORO PIANA
Client Development Manager
Permanent · HONG KONG
BOBBI BROWN COSMETICS
Senior Education Manager, Bobbi Brown, Apac
Permanent · HONG KONG
L'OREAL GROUP
Supply Chain Planner
Permanent · HONG KONG
ADIDAS
Director, Sustainable Sourcing - Chemical, Water & Waste Management
Permanent · HONG KONG
HYPEBEAST
Account Manager
Permanent · HONG KONG
By
Reuters
Published
Mar 12, 2009
Download
Download the article
Print
Text size

Hanesbrands amends first-lien credit agreement

By
Reuters
Published
Mar 12, 2009


Hanesbrand Hanes 2009

* Amends credit agreement

* Sees 2009 long-term debt down by at least $300 mln

* Sees 2009 net interest expense of $165 mln

March 12 (Reuters) - Hanesbrands Inc (HBI.N) said on Thursday March 12 it amended its first-lien credit agreement and is aiming to reduce its long-term debt in 2009 by at least $300 million.

The amendment applies to the company's $990 million of term loans, as well as its revolving credit facility, Hanesbrands said in a statement.

In February, the company, known for its inner-wear lines, said it does not expect to achieve its long-term profit growth goal of 10 percent to 20 percent in 2009, and was trying to amend its credit facility to fight the recessionary environment.

Hanesbrands also expects net interest expense for 2009 of about $165 million, compared with $155 million the year earlier, as the amendment raises the company's interest-rate spread by 300 basis points.

"This amendment and our ability to aggressively manage costs give us additional cushion to meet our adjusted debt-to-EBITDA ratios," Chief Financial Officer Lee Wyatt said.

Wyatt also said Hanesbrands would end 2009 with at least as much debt cushion as it had in 2008.

Shares of the company had closed at $6.41 Wednesday on the New York Stock Exchange. (Reporting by Nivedita Bhattacharjee in Bangalore; Editing by Anil D'Silva)

© Thomson Reuters 2024 All rights reserved.