Gildan Activewear has announced a $1.2 billion placement of senior unsecured notes to finance its acquisition of Hanesbrands Inc., aiming to enhance its product offerings and market position.

Target Information

Gildan Activewear Inc. (TSX and NYSE: GIL) is a leading manufacturer of everyday basic apparel, including sportswear, underwear, and socks. The company serves a broad customer base that includes wholesalers, screen printers, retailers selling directly to consumers, and global lifestyle brands. Gildan's products are marketed across North America, Europe, Asia-Pacific, and Latin America under a diverse portfolio of owned brands such as Gildan®, American Apparel®, Comfort Colors®, GOLDTOE®, and Peds®, as well as the Champion® brand under an exclusive licensing agreement for printed apparel.

Gildan operates high-volume, vertically integrated production facilities primarily located in Central America, the Caribbean, North America, and Bangladesh. The company is committed to implementing industry-leading practices in labor, environmental stewardship, and governance throughout its supply chain, aligning with its integrated ESG strategy.

Industry Overview in Canada

Canada's apparel industry is characterized by a blend of established brands and emerging players, guided by evolving consumer preferences towards sustainable and ethically produced clothing. With a growing emphasis on corporate social responsibility,