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Carter's closes $500M senior notes offering


Carter's closes $500M senior notes offering

Kids apparel retailer Carter's Inc. closed the sale of $500 million of its 5.625% senior notes due 2027.

The company will use the proceeds to fully redeem its existing 5.25% senior notes due 2021 to repay part of the outstanding indebtedness under its secured revolving credit facility and pay related fees and expenses.