Wolverine World Wide Inc. signed an agreement with JPMorgan Chase Bank for an initial revolving credit facility of up to $150 million.
The agreement gives Wolverine the option to increase the credit limit up to $225 million, the company said in a regulatory filing.
Wolverine said the maturity date of the loans under the credit agreement is June 7, 2014. The deal replaces its credit agreement signed in July 2005.
