July 13, 2014 4:10 AM ET

Textiles, Apparel and Luxury Goods

Company Overview of The William Carter Company

Company Overview

The William Carter Company operates children clothing stores in the United States. The company offers play clothes, baby ware, sleepwear, and accessories for girls, boys, infants, and toddlers. The William Carter Company also provides products online. The company was founded in 1865 and is based in Atlanta, Georgia. The William Carter Company operates as a subsidiary of Carter's, Inc.

1170 Peachtree Street NE

Suite 900

Atlanta, GA 30309

United States

Founded in 1865

3,201 Employees

Phone:

404-745-2700

Fax:

404-892-0968

Key Executives for The William Carter Company

Chief Executive Officer
Age: 53
President
Age: 64
Chief Financial Officer and Executive Vice President
Age: 45
Chief Operations Officer
Age: 56
Compensation as of Fiscal Year 2014.

The William Carter Company Key Developments

The William Carter Company Announces Proposed Senior Notes Offering

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 William Carter Company Amends and Restates its Existing $375 Million Revolving Credit Facility

The William Carter Company amended and restated its existing $375 million revolving credit facility pursuant to a second amended and restated credit agreement among TWCC. the revolving credit facility provides a revolving facility of $340 million ($175 million sub-limit for letters of credit and a swing line sub-limit of $40 million) and a $35 million multicurrency revolving facility ($15 million sub-limit for letters of credit and a swing line sub-limit of $5 million), which is available for borrowings by either TWCC or Canadian subsidiary, in U.S. dollars, Canadian dollars or other currencies agreed to by the applicable lenders. The second amended and restated credit agreement (I) refinances TWCC’s amended and restated credit agreement dated as of December 22, 2011 and (ii) provides for ongoing working capital and for general corporate purposes. The second amended and restated credit agreement extended the maturity date of the revolving credit facility to august 31, 2017. the interest rate margins applicable to the revolving credit facility are initially 1.75% for LIBOR rate loans (which may be adjusted based upon a leverage-based pricing grid ranging from 1.50% to 2.25%) and 0.75% for base rate loans (which may be adjusted based upon a leverage-based pricing grid ranging from 0.50% to 1.25%). a commitment fee initially equal to 0.35% per annum and ranging from 0.30% per annum to 0.45% per annum, based upon a leverage-based pricing grid, is payable quarterly in arrears with respect to the average daily unused portion of the revolving loan commitments.

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