Brown Shoe Extends $380M Loan Deal

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 Americais the administrative agent, collateral agent and lead issuing bank, whileMerrill Lynch, Pierce, Fenner & Smith,Wells Fargo Capital FinanceandJPMorgan Chasewere joint lead arrangers and book-runners.

Click here for the release fromPR Newswire.