Champion Sale Prompts S&P Upgrade for Hanesbrands
The ratings agency revised HBI’s outlook to stable from negative and affirmed its B+ issuer credit rating and its BB issue-level rating on the company's $900 million senior secured term loan B due in 2030. It also affirmed its B+ rating on the company's unsecured notes. The stable outlook reflects the expectation that the Champion deal will close this year, and the proceeds will be applied to reduce debt, leading to debt-to-EBITDA ... Log in to view full article.
