Foot Locker Inc. said in a regulatory filing that on July 14 it extended the maturity date of its revolving credit facility to July 14, 2025, and expanded the aggregate commitments of the lenders under the facility to $600 million.
Proceeds from the facility’s borrowings may be used for working capital, general corporate purposes or other purposes permitted under the revolving credit facility.
The retailer then said that on July 15, the company repaid all revolving loans outstanding under the amended credit agreement.
Photo courtesy Foot Locker
