Carter's, Inc. Announces Closing of Sale of $575 Million 7.375% Senior Notes Due 2031

Core Points - Carter's, Inc. announced the closing of a sale of $575 million aggregate principal amount of 7.375% senior notes due 2031 [1] - The net proceeds from the offering were approximately $567 million after deducting related fees and expenses [1] - The company plans to use the proceeds, along with cash on hand, to redeem all of its outstanding debt [1]