Carter’s to repay $200 million of facility borrowings via new notes

By Sarah Lizee

Olympia, Wash., May 6 – Carter’s, Inc. plans to repay about $200 million of borrowings under its secured revolving credit facility with proceeds from an offering of notes, according to a press release.

The company announced Wednesday that it plans to offer $400 million of senior notes due 2025 through subsidiary William Carter Co.

Any remaining proceeds will be used for general corporate purposes.

Carter’s is an Atlanta-based supplier of children's apparel.

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