Gildan Activewear Sells HanesBrands Australia At EV Of ~A$700M (~$490M)

Gildan Activewear Inc.

Gildan Activewear Inc.

GIL

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Transaction expected to close in H2 2026. The proceeds will be used to pay down a portion of the company’s outstanding debt, further accelerating a return to the midpoint of its target leverage framework of 1.5x to 2.5x net debt to proforma adjusted EBITDA ratio.