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 the related guarantees are being 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
offer and sell, and apply the net proceeds from the offer and sale of,
the notes. 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 with the
Source: Carter’s, Inc.
Vice President & Treasurer