Gildan Announces Private Offering of C$700 Million Senior Unsecured Notes
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Gildan Activewear Inc. has announced a private offering of C$700 million in senior unsecured notes, split into two series with different maturity dates and interest rates.
November 21, 2024 | 1:15 pm
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Gildan Activewear Inc. has announced a private offering of C$700 million in senior unsecured notes, which could impact its financial structure and credit profile.
The issuance of C$700 million in senior unsecured notes will affect Gildan's financial structure by increasing its debt. The interest rates and maturity dates of the notes will influence the company's future cash flows and credit profile. However, the impact on the stock price in the short term is uncertain as it depends on how investors perceive the use of proceeds and the company's ability to manage the new debt.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100