Wolverine Worldwide Inc. announced that it is offering a $550 million aggregate principal amount of senior notes due 2029. The company intends to use the net proceeds from the offering, together with borrowings under its amended senior credit facility, to redeem all of its outstanding 5.0 percent senior notes due 2026 and 6.375 percent senior notes due 2025 and pay all related fees and expenses.

The notes will be guaranteed by the company’s domestic subsidiaries that guarantee its senior credit facilities.

Photo courtesy Wolverine Worldwide