Designer Brands Inc. entered into a third amendment to its asset-based revolving credit agreement with lenders led by The Huntington National Bank as administrative agent. The amendment extends the maturity of the company’s ABL and FILO credit facilities to the earlier of Feb. 27, 2031 and the maturity date of its senior secured term loan, reduces the maximum FILO commitment to $29.5 million from $30 million, and removes the term SOFR credit spread adjustment while otherwise keeping interest rate terms unchanged.

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