Hanesbrands 8-K 2012
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Pursuant to Section 13 OR 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): March 16, 2012
(Exact name of registrant as specified in its charter)
Registrants telephone number, including area code: (336) 519-8080
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
On March 16, 2012, Hanesbrands Inc. (the Company), HBI Receivables LLC, a wholly-owned bankruptcy-remote subsidiary of the Company, HSBC Bank PLC and PNC Bank, N.A., as committed purchasers, Bryant Park Funding LLC and Market Street Funding LLC, as conduit purchasers, HSBC Securities (USA) Inc. and PNC Bank, N.A., as managing agents (the Managing Agents), and HSBC Securities (USA) Inc., as assignee of JPMorgan Chase Bank, N.A., as agent, entered into Amendment No. 9 (the Amendment) to the Receivables Purchase Agreement dated as of November 27, 2007 (as amended, the Accounts Receivable Securitization Facility).
The Amendment provides for certain amendments to the Accounts Receivable Securitization Facility, including reducing the reports the Company may be required to provide to each Managing Agent and extending the termination date for the Accounts Receivable Securitization Facility from March 16, 2012 to March 15, 2013. In connection with the Amendment, certain renewal fees were paid to the Managing Agents and certain usage fees rates under the Accounts Receivables Securitization Facility were decreased. The full text of the Amendment is included as Exhibit 10.1 to this Current Report on Form 8-K.
From time to time, the financial institutions party to the Accounts Receivable Securitization Facility or their affiliates have performed, and may in the future perform, various commercial banking, investment banking and other financial advisory services for the Company and its affiliates for which they have received, and will receive, customary fees and expenses. In particular, HSBC acted as co-syndication agent and as a joint lead arranger and joint bookrunner under the Companys senior secured credit facility, and the Managing Agents and/or their respective affiliates may act as lenders or in other capacities under the Companys senior secured credit facility or under other financing arrangements to which the Company or its affiliates are party.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.