Home / Knowledge / News / Apparel/Garments / Carter's to raise $400mn via senior notes offering
Carter's to raise $400mn via senior notes offering
05
Aug '13
Carter’s, Inc. announced that its wholly-owned subsidiary The William Carter Company intends to commence an offering of $400,000,000 aggregate principal amount of Senior Notes due 2021, subject to market and other conditions. The interest rate and other terms of the Notes will be determined by negotiations among the Company and the initial purchasers of the Notes.

The commencement of this Notes offering reflects Carter’s efforts to improve its capital structure. Carter’s intends to utilize the proceeds of the notes offering to return capital to shareholders through share repurchases and/or dividends, and for general corporate purposes.

The determination to consummate the Offering and the method of any return of capital is subject to market and business conditions, including interest rates, Carter’s performance, and other considerations.

The Notes are being offered and sold to “qualified institutional buyers” in the United States pursuant to Rule 144A under the Securities Act of 1933 (as amended, the “Securities Act”) and outside the United States pursuant to Regulation S under the Securities Act.

The Notes have not been registered for sale under the Securities Act or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state laws.

Carter's


Must ReadView All

Pic: Shutterstock

Textiles | On 19th Oct 2020

Zimbabwe to release additional $1.5 bn for cotton farmers

Zimbabwe will release an additional $1.5 billion to settle...

Pic: Dorothy Perkins

Apparel/Garments | On 19th Oct 2020

Dorothy Perkins, Burton Menswear, First Insight partner

Dorothy Perkins and Burton Menswear, part of the Arcadia Group, and...

Pic: HanesBrands

Apparel/Garments | On 19th Oct 2020

HanesBrands to improve at least 10 million lives

HanesBrands, a socially responsible marketer of everyday basic...

Interviews View All

Top executives, Textile industry

Top executives
Textile industry

Textile institutes need to change their curriculum

Nitin Soni, Dolphin Jingwei Machines

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Textile Industry, Head honchos

Textile Industry
Head honchos

African fashion has a strong identity

Paolo Crespi,

Paolo Crespi

Japan's Epson, a leader in digital textile printing, Italy's For.Tex, a...

Carmen Makover,

Carmen Makover

Leading the digital textile printing industry, Israel-based Kornit...

Deepprakash Agrawal,

Deepprakash Agrawal

Radhey Weaves is a Surat-based manufacturer of brocade fabrics. MD...

Tiasha Renganathan, Twinery Innovations by MAS

Tiasha Renganathan
Twinery Innovations by MAS

Twinery-Innovations by MAS is the innovation arm of Sri Lankan company MAS ...

Sanjay Raut, Garware Technical Fibres Ltd

Sanjay Raut
Garware Technical Fibres Ltd

Garware Technical Fibres Ltd (formerly Garware-Wall Ropes Ltd) is a...

Sameer Sonkusale & Rachel Owyeung, Tufts University

Sameer Sonkusale & Rachel Owyeung
Tufts University

A team at the Tufts University in Massachusetts was recently in news for...

Amiben Shroff, Shrujan

Amiben Shroff
Shrujan

From its modest beginning in the late 1960s, Shrujan has grown into a...

Igor Chapurin, Chapurin

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Suman Nathwani, Suman Nathwani

Suman Nathwani
Suman Nathwani

<span style="font-size: 12px;">Designer Suman Nathwani talks about her...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


October 2020

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search