King & Spalding advised Carter’s, Inc. (NYSE: CRI) on the offer and sale by its subsidiary, The William Carter Company, of $500 million aggregate principal amount of 5.625% senior notes due 2027. The notes were offered and sold pursuant to Rule 144A and Reg S. Carter’s used the net proceeds from the offering to redeem in full its existing 5.25% senior notes due 2021 in accordance with their terms, to repay a portion of the indebtedness outstanding under its secured revolving credit facility and to pay related fees and expenses.
More information about the transaction can be found here.
The King & Spalding deal team included Keith Townsend, Zach Cochran, Zack Davis and Zack Peffer. John Sweet and Greg Lucas advised on tax matters. Sam Choy advised on employment benefits matters.