secwatch.observer — SEC 8-K summary
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Issuer:     CALERES INC (CAL)
CIK:        0000014707
Form:       8-K
Filed at:   2021-10-07T23:59:59+00:00
Accession:  0000014707-21-000059
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Caleres amends credit facility: maturity to Oct 2026, size cut to $500M, spreads down 75bps
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- Maturity extended from Jan 2024 to Oct 2026; facility reduced by $100M to $500M.
- LIBOR and prime rate spreads lowered by 75 bps; unused line fee increased 5 bps.
- Accordion feature increased from $150M to $250M for potential future upsizing.
- Cash dominion threshold lowered from $48M to $40M; excess availability condition adjusted.
- As of Aug 28, 2021, $132.5M drawn; $328.2M available under prior $600M facility.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/14707/000001470721000059/0000014707-21-000059-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/14707/000001470721000059/cal-20211005x8k.htm
  HTML page:      https://secwatch.observer/filing/0000014707-21-000059

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer