CALERES INC (CAL): debt financing — Caleres extends credit revolver to $700M, maturity to 2030; permits Stuart Weitzman buy

CALERES INC

Maturity extended from Oct 2026 to June 2030; revolver increased by $200M to $700M.
Amendment permits consummation of Stuart Weitzman acquisition.
Cash dominion trigger raised to $56M from $40M; new lenders Regions Bank and TD Bank join.
As of June 26, 2025, ~$271M in credit outstanding, ~$229M available under facility.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

CALERES INC amended revolving credit of $200.0 million to an aggregate amount of up to $700.0 million with Bank of America, N.A. at Term SOFR rate or the prime rate, plus a spread based upon the level of excess a maturing June 27, 2030.

Instrument: revolving credit
Principal: $200.0 million to an aggregate amount of up to $700.0 million
Counterparty: Bank of America, N.A.
Rate: Term SOFR rate or the prime rate, plus a spread based upon the level of excess a
Maturity: June 27, 2030
Event: amendment

Exact text from the filing

The Amendment, among other modifications to the Credit Agreement, extends the maturity date of the Credit Agreement from October 5, 2026, to June 27, 2030, and increases the amount of the senior secured revolving credit facilities available to the Borrower by $200.0 million to an aggregate amount of up to $700.0 million

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CALERES INC filing history →

Source: SEC EDGAR

accession 0000014707-25-000046

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