Gildan looking to sell debt in Canada for the first time

Gildan currently has US$2.1bil of debt, including revolving lines of credit, with about US$1.5bil of principal outstanding. — Bloomberg

MONTREAL: Gildan Activewear Inc is looking at selling debt for the first time in Canada and has set up meetings with fixed-income investors to discuss the potential sale, according to money managers briefed on the matter.

Chief executive officer (CEO) Glenn Chamandy is among executives set to address debt investors in Toronto and Montreal over the next week.