Gildan completes sale of HanesBrands Australia to BBFIT Investments for AUD 700 million
GIL•Gildan completed the sale of HanesBrands Australia to BBFIT Investments for approximately AUD 700 million (USD 490 million), paid in cash, with net proceeds intended to repay outstanding debt.
1. Sale completed
Gildan completed its previously announced sale of HanesBrands Australia to BBFIT Investments, an associated entity of BB Retail Capital. The purchase price was approximately AUD 700 million (USD 490 million), paid in cash at closing, and net proceeds are intended to repay outstanding debt.
