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 5.500% senior notes due 2025. The notes were offered and sold pursuant to Rule 144A and Reg S. Carter’s used the net proceeds from the offering to repay approximately $250 million of borrowings under a secured revolving credit facility, with the remaining amounts to be used for general corporate purposes.
More information about the transaction can be found here.
The King & Spalding deal team included Zach Cochran, Zack Davis and Lucy Gauthier. John Sweet and Ruoxi Zhang advised on tax matters. Sam Choy advised on employee benefits matters.