Carter's Enters $750 Million Five-Year Asset-Based Revolving Credit Facility
Carter's subsidiary The William Carter Company entered a new five-year senior secured asset-based revolving credit facility of up to $750 million on November 17, 2025, replacing its existing secured revolving facility. The filing reports an estimated borrowing base of about $799 million and availability of about $743 million, which gives the company a sizable borrowing capacity.
Key points
- Facility of up to $750 million, maturing five years after the closing date, replacing the prior secured revolver
- Borrowers are The William Carter Company and The Genuine Canadian Corp.; JPMorgan Chase Bank, N.A. is administrative and collateral agent
- Pricing is floating benchmark rate plus 1.25% to 1.50% based on average daily excess availability
- As of November 17, 2025, estimated availability is about $743 million against a borrowing base of about $799 million
The filing
Written by AI on Nov 8, 2026, 6:59 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 18, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.