Hanesbrands Amendment Passes

13 Mar 2009

JPMorgan's amendment for Hanesbrands passed Tuesday, giving the Winston-Salem, N.C.-based company some additional covenant cushion on its leverage and interest coverage ratios.

JPMorgan's amendment for Hanesbrands passed Tuesday, giving the Winston-Salem, N.C.-based company some additional covenant cushion on its leverage and interest coverage ratios. The company was proactively looking for an amendment despite being in compliance with its covenants. It ended the year with a leverage covenant ratio of 3.3 ...

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