The Finish Line, Inc. said that it has received a request from UBS
Loan Finance LLC and UBS Securities LLC for additional financial and
other information regarding Genesco Inc., and has forwarded the request
to Genesco. As previously announced, UBS provided The Finish Line with
a commitment letter regarding financing for its proposed acquisition of
Genesco.
In a separate communication to The Finish Line, UBS also stated that it
“intends to defer any further work on the remaining closing documents
… pending the results of its analyses of Genesco's financial
condition and performance.” UBS said that should it “be able to obtain
a better understanding of Genesco's financial condition and
performance, UBS believes that if needed the remaining documents could
be completed expeditiously thereafter.”
The Finish Line noted that while it continues to evaluate its options
in accordance with the terms of the merger agreement, it intends to
continue working on the closing documents. The company does not intend
to make further comments at this time.
