According to a filing with the Securities & Exchange Commission, Genesco Inc. entered into a third amended and restated credit agreement. The credit facility effectively replaces the company's previous $405.0 million revolving credit facility.
The credit facility is a revolving credit facility in the aggregate
principal amount of $400.0 million, including a $70 million sublimit for
the issuance of letters of credit and a domestic swingline subfacility
of up to $40.0 million, a revolving credit subfacility for the benefit
of GCO Canada Inc. in an aggregate amount not to exceed $25.0 million,
which includes a $5.0 million sublimit for the issuance of letters of
credit, and a revolving credit subfacility for the benefit of Genesco
(UK) Limited in an aggregate amount not to exceed $50.0 million, which
includes a $10.0 million sublimit for the issuance of letters of credit
and a swingline subfacility of up to $10.0 million. The facility has a
five-year term. Any swingline loans and any letters of credit and
borrowings under the Canadian and U.K. facilities will reduce the
availability under the Credit Facility on a dollar-for-dollar basis.
The company has the option, from time to time, to increase the
availability under the Credit Facility by an aggregate amount of up to
$150.0 million subject to, among other things, the receipt of
commitments for the increased amount. In connection with this increased
facility, the Canadian revolving credit facility may be increased up to
no more than $40.0 million.
Additional information is available here.
