Caleres Inc. has announced an amendment to its existing credit agreement, extending its senior secured asset-based revolving credit facility until June 2030. The company's borrowing capacity under this agreement has been increased by $200 million, reaching a total of $700 million. Additionally, the agreement includes an accordion feature, allowing Caleres to request a further increase in the facility size up to $950 million. This expansion is aimed at enhancing liquidity and flexibility, as well as strengthening the company's balance sheet. Bank of America, N.A. is acting as the administrative agent, collateral agent, and lead issuing bank, while Truist Bank, Wells Fargo Bank, and U.S. Bank served as joint lead arrangers and joint bookrunners. The credit facility also saw participation from Fifth Third Bank, Regions Bank, and TD Bank. Caleres plans to utilize the expanded facility for strategic acquisitions, such as the acquisition of Stuart Weitzman, and to invest in growth opportunities.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。