secwatch.observer — SEC 8-K summary
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Issuer:     CARTERS INC (CRI)
CIK:        0001060822
Form:       8-K
Filed at:   2022-04-14T23:59:59+00:00
Accession:  0001193125-22-105723
Event type: debt
Sentiment:  positive
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Carter's amends credit agreement: maturity extended to 2027, revolver increased to $750M, 2025 notes redeemed
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- Maturity extended to April 11, 2027 (springs to Dec 14, 2026 if 2027 Notes >$250M).
- Revolving credit facility increased by $100M to $750M USD; total $850M including multicurrency.
- Interest rate uses SOFR/SONIA with leverage-based spread of 1.125% to 1.625%.
- Sole financial covenant: consolidated total net leverage ratio ≤ 3.50:1 (4.00:1 after material acquisition).
- Simultaneously redeemed all outstanding 5.500% Senior Notes due 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1060822/000119312522105723/0001193125-22-105723-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1060822/000119312522105723/d344353d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-105723

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