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Gildan Activewear(GIL-N)

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Gildan Announces First Sustainability-Linked Loan

Globe Newswire - Mon Mar 28, 2022

(all amounts are in U.S. dollars except where otherwise indicated)
1 Compare to a 2018 baseline

MONTREAL, March 28, 2022 (GLOBE NEWSWIRE) -- Gildan Activewear Inc. (GIL: TSX and NYSE) is pleased to announce that it has signed an amended and restated credit agreement in respect of its existing $ 1 billion revolving credit facility to incorporate sustainability-linked terms, underscoring Gildan's strong leadership and commitment towards its environmental, social, and governance (ESG) targets. The amendment introduces an annual pricing adjustment based on the achievement of three of Gildan’s Next Generation ESG targets, which were communicated at the beginning of this year. Gildan is the first Canadian apparel manufacturing company to tie financing costs to the achievement of important ESG targets.


Provided Content: Content provided by Globe Newswire. The Globe and Mail was not involved, and material was not reviewed prior to publication.