Carter's, Inc. announced the closing of its previously announced sale of $575 million aggregate principal amount of 7.375% senior notes due 2031. The notes were sold by its wholly-owned subsidiary, The William Carter Company. Net proceeds from the offering were approximately $567 million after deducting related fees and expenses. Carter's intends to use the proceeds, along with cash on hand, to redeem all outstanding 5.625% senior notes due 2027, pay related fees and expenses, and for general corporate purposes. The notes were offered to qualified institutional buyers under Rule 144A and to non-U.S. persons outside the United States under Regulation S. The notes and related guarantees have not been registered under the Securities Act or any state securities laws.