Canadian footwear company, Brown Shoe, has entered an altered and restated credit agreement. The contract extends senior secured asset-based revolving credit facility of the company to Jan. 7, 2016.
The borrowing capacity of Brown Shoe, under the agreement, remains at $380 million but it is seeking to increase the size of the facility to $530 million in the aggregate. Bank of America is the administrative agent, collateral agent and lead issuing bank, while Merrill Lynch, Pierce, Fenner & Smith, Wells Fargo Capital Finance and JPMorgan Chase were joint lead arrangers and book-runners.
Click here for the release fromPR Newswire.