---
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"
generated_at: "2026-05-16T18:41:20.855452+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001060822-25-000164
- JSON: https://secwatch.observer/filing/0001060822-25-000164.json
- Plain text: https://secwatch.observer/filing/0001060822-25-000164.txt

## Key facts
- Debt Financings
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1060822/000106082225000164/0001060822-25-000164-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.