Gildan Activewear (TSE:GIL) has released an update.
Gildan Activewear Inc. has announced a CAD$200 million financing deal through senior unsecured notes with the Caisse de dépôt et placement du Québec, boasting a 6.0% annual interest rate and a 5-year maturity. The company plans to allocate the funds towards its share repurchase program and debt repayment, while committing to maintain its headquarters and strong local leadership in Québec for at least 7 years. The closing of the transaction is set for around June 4, 2024, pending customary due diligence and closing conditions.
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