Kizik secured an amendment of its credit facility with JPMorgan Chase, providing enhanced financial flexibility to support expansion into new distribution channels, including company-owned retail stores, U.S. wholesale and international markets.
The amendment increases Kizik’s revolver capacity from $10 million to $25 million, with the potential to further expand to $50 million during the agreement term.
Monte Deere, Kizik’s CEO, said, “This amended credit facility is a testament to the strong and collaborative relationship we have built with JPMorgan Chase. It not only reflects our business strategy and financial performance but also empowers us to pursue new opportunities as we make hands-free footwear available to more people in more places.”
The footwear brand and its parent, HandsFree Labs, Inc., are based in Lindon, UT.
Photo courtesy Kizik
