Wolverine World Wide Reduces Revolving Credit Facility to $600 Million and Extends Maturity to 2030 in Amended Financing Agreement with JP Morgan Chase and Lenders

Reuters
Oct 01
Wolverine World Wide Reduces Revolving Credit Facility to $600 Million and Extends Maturity to 2030 in Amended Financing Agreement with JP Morgan Chase and Lenders

**Wolverine World Wide Amends Credit Facility, Reduces Revolver to $600 Million** Wolverine World Wide, Inc. announced it has entered into a significant amendment to its existing credit agreement with JP Morgan Chase Bank, N.A. and other lenders. Effective September 24, 2025, the amendment reduces Wolverine's revolving credit facility from $800 million to $600 million, which the company states will sufficiently meet its ongoing capital needs. The amendment also eliminates the existing term loan A facility, refinancing $25 million in outstanding loans with proceeds from the revised credit facility. The new Senior Credit Facility bears interest at a variable rate depending on Wolverine's net total leverage ratio, with base rate margins ranging from 0.25% to 1.25% and SOFR margins from 1.25% to 2.25%. The facility's maturity date is extended to September 24, 2030. Commitment fees on unused capacity will range from 0.20% to 0.40%. Additionally, Wolverine amended its Receivables Purchase Agreement, extending its scheduled termination date to September 25, 2028. The company expects to file further details in its upcoming quarterly report.

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