Brown Shoe amends and restates revolver to increase size, extend maturity

By Sara Rosenberg

New York, Jan. 21 - Brown Shoe Co. Inc. amended and restated its asset-based revolving credit facility, increasing the size to $380 million from $350 million and extending the maturity to Jan. 21, 2014, according to a news release.

Bank of America and Wells Fargo acted as the joint lead arrangers on the deal, and Bank of America, Wells Fargo and JPMorgan acted as the bookrunners.

The facility has a $150 million accordion feature.

Proceeds will be used for working capital, as backing for trade letters of credit and for investments in infrastructure, potential acquisitions, and general corporate purposes.

Brown Shoe is a St. Louis-based footwear company.

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