The Athlete's Foot Stores has received an extension of its $20 million credit facility with Wells Fargo Retail Finance through is through June 2007. This independent facility is secured by the assets of the company-owned stores and will provide working capital to assist in further expansion for the athletic footwear retailer.
Robert J. Corliss, The Athlete's Foot president and CEO states, “with long-term financing in place, the company's capital structure is strong and allows us to aggressively move forward.”
“Wells Fargo Retail Finance is pleased to continue the relationship with The Athletes Foot, which began in 2001,” said William J. Mayer, president and COO. “We are happy to be able to provide the company with a flexible credit
facility that will assist its management in continuing to strive to meet its business objectives.”
