Gildan announces a c$200 million private placement financing with cdpq

MontrÉal, may 08, 2024 (globe newswire) -- gildan activewear inc. (gil: tsx and nyse) (“gildan” or the “company”) announced today that it has reached an agreement to issue cad$200 million aggregate principal amount of senior unsecured notes to caisse de dÉpÔt et placement du quÉbec (“cdpq”) on a private placement basis. the notes will bear interest at a rate of 6.0% per year and will mature 5 years from the issuance date. gildan intends to use the net proceeds of the issuance to fund its common share repurchase program and for the repayment of maturing outstanding debt.
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