Carter's, Inc. Announces Senior Notes Offering and Redemption of 2027 Notes

On October 28, 2025, Carter's, Inc. announced the commencement of a senior notes offering through its wholly-owned subsidiary, The William Carter Company. The offering aims to raise $500 million in aggregate principal amount of senior notes due 2031. The net proceeds from this offering, along with cash on hand, will be used to redeem all outstanding 5.625% senior notes due 2027 (the '2027 Notes') and to pay related fees and expenses. Concurrently, The William Carter Company issued a conditional notice of redemption for the 2027 Notes, with the redemption date set for November 27, 2025, contingent upon the completion of the senior notes offering and receipt of sufficient net proceeds. Additionally, Carter's, Inc. expects to enter into a new asset-based revolving credit facility of up to $750 million, which would replace the existing secured revolving credit facility. The company has obtained commitments for the full amount of the contemplated asset-based revolving credit facility, but there is no assurance that it will be finalized.