LaCrosse Footwear, Inc. executed a First Amendment to Credit Agreement to its existing credit agreement with Wells Fargo Bank, National Association, along with a Revolving Line of Credit Note. Under the Amendment and Note, the maximum aggregate principal amount of borrowings from January 1 to May 31 will be amended from $30 million to $17.5 million. Also, the maximum aggregate principal amount of borrowings from June 1 to December 31 will be $30 million. With the Amendment, the credit agreement becomes a straight line of credit and borrowing base limitations were removed.
