Deals this week: Hanesbrands, Shoppers Stop, Rebagg

5 May 2016 (Last Updated May 5th, 2016 18:30)

US clothing firm Hanesbrands has announced two private senior notes offerings of $900m each.

US clothing firm Hanesbrands has announced two private senior notes offerings of $900m each.

One of them carries a coupon rate of 4.625% and is due 2024, while the other comprises 4.875% notes due 2026.

The gross proceeds will be used for multiple purposes, including redeeming of the company's 6.375% senior notes due 2020, financing fees and expenses, and repayment of a part of the outstanding debt under the company's revolving credit facility.

"Rebagg plans to use the funds primarily for its business expansion, while a portion will be used to finance its operations and support its marketing and sales activities."

Indian retailer Shoppers Stop is planning to raise $15.03m from private equity investors.

The deal is expected to close by June and the proceeds will be used to finance retail chain HyperCity. Both Shoppers Stop and HyperCity are owned by K. Raheja Corp.

Shoppers Stop sells household and consumer products at its physical stores and online.

Farfetch UK, an apparel and accessory seller, has raised $110m in Series F financing round, totalling $305m to date.

Also involving Temasek Holdings, Eurazeo and Vitruvian Partners, the funding round was led by China-based investment firm IDG Capital Partners.

The proceeds will be used for the expansion of Farfetch's technology business.

US-based resale service Rebagg has obtained $8m from venture capital firm General Catalyst Partners in a Series A funding round.

Rebagg plans to use the funds primarily for its business expansion, while a portion will be used to finance its operations and support its marketing and sales activities.

FSN Ecommerce Ventures (Nykaa.com) is planning to raise between $9.01m and $15.03m to expand its business and build warehouses.

To be secured from a venture capital firm, a part of the proceeds will be used for Nykaa.com's marketing activities.

Nykaa.com provides a wide range of beauty and wellness products online.

Indian online retailer Lenskart Solutions has gained $60.12m in a Series D funding round to reinforce its technology, supply chain and manufacturing capacity.

A part of the proceeds will be used to expand its business to 400 cities.

The funding round was led by Ratan Tata, Kris Gopalakrishnan and International Finance Corporation (IFC). It also involved Adveq Management AG, TPG Growth and IDG Ventures India Advisors.