BB&T Capital Markets Serves as Senior Co-Manager for Carter’s Inc. $500 Million 5.625% Offering of Senior Notes due 2027
On February 27, 2019, BB&T Capital Markets served as a senior co-manager for an offering of $500 million 5.625% senior unsecured notes due 2027.
Proceeds from the offering are being used to repay existing debt and for general corporate purposes.
About the Companies
Carter's, Inc., together with its subsidiaries, designs, sources, and markets branded childrenswear under the Carter's, Child of Mine, Just One You, Precious Firsts, Simple Joys, OshKosh, Skip Hop, and other brands. Carter's products include baby products, play clothes products, and other products, including bedding, outerwear, swimwear, footwear, socks, diaper bags, gift sets, toys, jewelry, cribs, paper goods, and hair accessories. The company distributes its products through department stores, chain and specialty stores, and discount retailers, as well as company-operated stores, and websites. As of December 31, 2018, the company operated 418 Carter's and 107 OshKosh stand-alone stores in the United States, 163 side-by-side stores, and 153 co-branded stores.
About BB&T Capital Markets
BB&T Capital Markets offers an integrated platform of equity and debt underwriting, M&A advisory, corporate banking, and sales and trading. Headquartered in Richmond, VA, with offices throughout the US, we have specific expertise within 10 distinct industry verticals including Automotive Aftermarket; Commercial & Industrial; Education; Energy; Financial Services; Food & Agribusiness; Healthcare; Logistics & Transportation Services; Real Estate; and Retail & Consumer. Our commitment to industry expertise, combined with our resources as one of the nation's strongest financial institutions, strategically positions BB&T Capital Markets to build lasting relationships and contribute measurably to the long-term success of our clients.