secwatch.observer — SEC 8-K summary
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Issuer:     CARTERS INC (CRI)
CIK:        0001060822
Form:       8-K
Filed at:   2025-11-18T23:59:59+00:00
Accession:  0001060822-25-000164
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1060822/000106082225000164/0001060822-25-000164-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1060822/000106082225000164/cri-20251117.htm
  HTML page:      https://secwatch.observer/filing/0001060822-25-000164

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