{"schema_version":"secwatch.filing_event.v1","accession":"0001060822-25-000164","form_type":"8-K","ticker":"CRI","cik":"0001060822","company_name":"CARTERS INC","filed_at":"2025-11-18T23:59:59+00:00","discovered_at":"2026-05-14T18:02:38.691301+00:00","generated_at":"2026-05-16T18:41:20.855452+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Carter's subsidiary enters new $750M ABL credit facility, replacing existing revolver","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001060822-25-000164","json":"https://secwatch.observer/filing/0001060822-25-000164.json","markdown":"https://secwatch.observer/filing/0001060822-25-000164.md","text":"https://secwatch.observer/filing/0001060822-25-000164.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1060822/000106082225000164/0001060822-25-000164-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1060822/000106082225000164/cri-20251117.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T18:41:20.855452+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"7b24ac04767cffee5f2fc37a8b03e1c628f04408","claim":"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.","evidence_excerpt":"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”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1060822/000106082225000164/0001060822-25-000164-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$750 million"},{"label":"Rate","value":"floating benchmark rate plus a credit spread adjustment, if any, plus an amount"},{"label":"Maturity","value":"five years after the closing date of the ABL Facility"},{"label":"Event","value":"incurrence"}]}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}