Gildan Activewear (TSE:GIL) has released an update.
Gildan Activewear Inc. has announced a CAD$200 million financing deal through senior unsecured notes with Caisse de dépôt et placement du Québec (CDPQ), earmarking the funds for share repurchases and debt repayment. The notes will have a 6% annual interest rate and a 5-year maturity. This investment by CDPQ, an influential Canadian investor, is a strong endorsement of Gildan’s business strategy and leadership, and CDPQ also intends to become a significant shareholder in the company.
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