Carter's subsidiary enters new $750M ABL credit facility, replacing existing revolver

CARTERS INC

Five-year senior secured asset-based revolver of $750M; multicurrency sublimit of $100M.
Borrowing base ~$799M; initial availability ~$743M after rolling over outstanding letters of credit.
Includes $100M letter-of-credit and $50M swingline sublimits; incremental facility of up to $150M.
Interest rate based on excess-availability grid: benchmark plus 1.25%-1.50%; springing fixed charge coverage covenant.
Credit agreement filed as Exhibit 10.1; entered on November 17, 2025.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

CARTERS INC incurred revolving credit of $750 million at floating benchmark rate plus a credit spread adjustment, if any, plus an amount maturing five years after the closing date of the ABL Facility.

Instrument: revolving credit
Principal: $750 million
Rate: floating benchmark rate plus a credit spread adjustment, if any, plus an amount
Maturity: five years after the closing date of the ABL Facility
Event: incurrence

Exact text from the filing

On November 17, 2025, The William Carter Company (the “Company”), a wholly-owned subsidiary of Carter’s, Inc. (“Carter’s”), entered into a new five-year senior secured asset-based revolving credit facility of up to $750 million (the “ABL Facility”).

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Source: SEC EDGAR

accession 0001060822-25-000164

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