HanesBrands plans to offer euro-denominated notes due 2024 in a private offering.

HanesBrands said the notes will be offered by its indirect wholly owned subsidiary Hanes Finance Luxembourg SCA, a corporate partnership limited by shares under the laws of the Grand Duchy of Luxembourg. The planned offering is 450 million euros, or $509.3 million at current exchange.

The company said the notes would be guaranteed on a senior unsecured basis by HanesBrands Inc. and certain of its subsidiaries. The company expects to use the net proceeds from the offering, together with cash on hand and future debt financings, to finance its previously announced acquisitions of Champion Europe and Pacific Brands Ltd.

HanesBrands said last month that it would acquire Champion Europe in an all-cash transaction, and that it would acquire Australia’s Pacific Brands Ltd. in an all-cash deal valued at $800 million.

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