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Step 1
Preheat oven to 350 degrees F. Coat a 9- x 13-inch baking dish with cooking spray. Pour batter into baking dish.
Step 2
Bake 28 to 30 minutes or until toothpick inserted in center comes out clean. Let cool 5 minutes, then poke holes in top of cake using a wooden spoon handle.
Step 3
In a medium bowl, mix sweetened condensed milk and caramel topping. Pour mixture slowly over cake while still warm.
Step 4
Cover and refrigerate 8 hours or overnight. Spread frosting over cake, sprinkle with pecans, and serve.