New York, June 21, 2016 -- Moody's Investors Service (Moody's) today assigned Baa2 ratings to HBI Australia Acquisition Co.Pty Ltd.'s ("Hanes Australia") proposed A$465 million Senior Secured Credit Facilities, consisting of a A$200 million Secured Term Loan due 2019, A$200 million Secured Term Loan due 2021 and a A$65 million Secured Revolver due 2021. Hanes Australia is an indirect subsidiary of Hanesbrands, Inc. ("Hanesbrands") created for the purposes of acquiring Pacific Brands Limited ("Pacific Brands"). Hanesbrands' Ba1 Corporate Family Rating ("CFR"), Ba1-PD Probability of Default Rating ("PDR"), Baa3 Secured Ratings, Ba2 Unsecured Ratings, and SGL-2 Speculative Grade Liquidity ("SGL") Rating are unaffected. The Baa2 rating on MFB International Holdings S.a.r.l.'s ("MFB") Secured Term Loan and the Ba1 rating on Hanesbrands Finance Luxembourg S.C.A.'s ("HF Lux") EUR500 million Senior Unsecured Notes are also unaffected. Hanesbrands' ratings outlook is stable.

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