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Gildan Activewear ( (TSE:GIL) ) just unveiled an announcement.
Gildan Activewear Inc. has announced the pricing of a private offering of $1.2 billion in senior unsecured notes, divided into two series with maturities in 2030 and 2035. The proceeds from this offering are intended to finance the acquisition of Hanesbrands Inc., refinance Hanesbrands’ existing debt, and cover related transaction costs. This strategic move is expected to enhance Gildan’s market position by expanding its product portfolio and operational capabilities, potentially impacting stakeholders by increasing the company’s financial leverage and market reach.
The most recent analyst rating on (TSE:GIL) stock is a Buy with a C$75.00 price target. To see the full list of analyst forecasts on Gildan Activewear stock, see the TSE:GIL Stock Forecast page.
Spark’s Take on TSE:GIL Stock
According to Spark, TipRanks’ AI Analyst, TSE:GIL is a Outperform.
Gildan Activewear’s strong earnings performance and bullish technical indicators are the primary drivers of its high score. The company’s profitability and operational efficiency are significant strengths, although moderate valuation and international market challenges slightly temper the outlook.
To see Spark’s full report on TSE:GIL stock, click here.
More about Gildan Activewear
Gildan Activewear Inc. is a leading apparel company, primarily known for its activewear products. The company operates in the textile industry, focusing on manufacturing and selling a wide range of clothing items, including t-shirts, socks, and underwear, with a significant presence in the North American market.
Average Trading Volume: 442,288
Technical Sentiment Signal: Buy
Current Market Cap: C$11.6B
See more data about GIL stock on TipRanks’ Stock Analysis page.