Carter's issues $575M 7.375% senior notes due 2031; to redeem 5.625% notes due 2027

CARTERS INC

Net proceeds of ~$567M after fees; used to redeem all $575M of 5.625% senior notes due 2027.
Notes are senior unsecured, fully guaranteed by Carter's and domestic subsidiaries; redeemable on/after Nov 15, 2027.
Company expects to enter new $750M ABL credit facility on or about Nov 17, 2025, replacing existing revolver.
Notes sold to QIBs and non-U.S. persons under Rule 144A/Reg S; not registered under Securities Act.

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 senior notes of $575 million with U.S. Bank Trust Company, National Association at 7.375% maturing due 2031.

Instrument: senior notes
Principal: $575 million
Counterparty: U.S. Bank Trust Company, National Association
Rate: 7.375%
Maturity: due 2031
Event: incurrence

Exact text from the filing

completed the sale of $575 million aggregate principal amount of 7.375% senior notes due 2031

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CARTERS INC filing history →

Source: SEC EDGAR

accession 0001193125-25-280375

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