The Company intends to use the proceeds from this offering of notes 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.
The notes and related guarantees have been offered and sold to persons
reasonably believed to be “qualified institutional buyers” pursuant to
Rule 144A under the Securities Act of 1933 (as amended, the “Securities
Act”) and to non-U.S. persons outside
This press release shall not constitute an offer to sell or a solicitation of an offer to buy the notes or any other securities, and shall not constitute an offer, solicitation or sale in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful.
About Carter’s, Inc.
Carter’s, Inc. is the largest branded marketer in
This press release contains forward-looking statements within the
meaning of the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995 relating to the Company’s intention to use
the net proceeds from the offer and sale of the notes to redeem existing
debt securities and repay outstanding indebtedness. Such statements are
based on current expectations only, and are subject to certain risks,
uncertainties, and assumptions. Should one or more of these risks or
uncertainties materialize, or should underlying assumptions prove
incorrect, actual results may vary materially from those anticipated,
estimated, or projected. Factors that could cause actual results to
materially differ include the Company’s failure to complete the
offering, as a result of market conditions or otherwise, as well as the
other risks identified from time to time in filings made by Carter’s
Source: Carter’s, Inc.
Vice President & Treasurer