Carter's Secures Financing for Subsidiaries

September 23, 2015

ATLANTA – Paul Hastings LLP, a leading global law firm, represented Carter’s, Inc. in securing $500 million senior secured revolving facilities to finance working capital and other general corporate purposes of its subsidiaries. Carter’s, Inc. is the largest branded marketer of baby and children’s clothing in the United States, marketing apparel under, among others, the tradenames Carter’s and OshKosh B’gosh.

The financing consisted of a US$400 million U.S. dollar senior secured revolving facility and a US$100 million multicurrency senior secured revolving loan facility. The transaction closing date was September 16, 2015.

The Paul Hastings team was led by Leveraged Finance partner Michael Chernick and Corporate partner Elizabeth Noe, and included associates Holly Snow and Joyce Shin.

Paul Hastings is a leading global law firm with a strong presence throughout Asia, Europe, Latin America, and the United States. Through a collaborative approach, entrepreneurial spirit, and commitment to client service, the professionals of Paul Hastings deliver innovative solutions to many of the world’s top financial institutions and Fortune 500 companies.