Carter's Inc. has announced that its wholly-owned subsidiary, The William Carter Company, has entered into a new five-year senior secured asset-based revolving credit facility of up to $750 million. This new ABL Facility, which replaces the company's previous secured revolving credit facility, provides for borrowings in U.S. dollars as well as up to $100 million in Canadian dollars, Euros, Pounds Sterling, or other agreed currencies. The facility also includes a $100 million sub-limit for letters of credit and a $50 million swing line sub-limit. Carter's and certain domestic subsidiaries have unconditionally guaranteed the facility, which is secured by substantially all of their assets, subject to customary exceptions. As of November 17, 2025, the company reported a borrowing base of approximately $799 million, with about $743 million available under the new facility after accounting for outstanding letters of credit.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Carter's Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001060822-25-000164), on November 18, 2025, and is solely responsible for the information contained therein.
Comments