HanesBrands amended its senior secured credit facility to enhance the company’s long-term global growth and capital allocation strategies.

The amended credit facility reduces interest rates, increases capacity and increases the flexibility of the facility’s indebtedness, investment and restricted payments baskets and leverage-ratio requirements.

“We are very pleased with the strong support we received in the credit markets,” said Hanes Chief Financial Officer Barry A. Hytinen. “The favorable amendments will further assist us in continuing to create long-term value for investors.”

The senior secured credit facility increased to $2.25 billion from $1.925 billion and consists of a $1 billion revolving credit facility, a $750 million Term Loan A and a $500 million Term Loan B.

The interest rates of the revolver and Term Loan A decreased 25 basis points, while the rate for the Term Loan B decreased 75 basis points.

Barclays Bank, HSBC Securities, Merrill Lynch, PNC Capital Markets and SunTrust Bank served as co-syndication agents for the transaction.

Branch Banking & Trust Company, Fifth Third Securities, The Bank of Nova Scotia, The Bank of Tokyo-Mitsubishi UFJ and Wells Fargo were co-documentation agents JPMorgan Chase Bank was the administrative agent and the collateral agent. JPMorgan Chase Bank, Barclays Bank, HSBC Securities, Merrill Lynch, Pierce, Fenner & Smith, PNC Capital Markets and SunTrust Bank, were also the joint lead arrangers and joint bookrunners.