Shoe Carnival enters $100M credit facility maturing 2027, replaces prior 2010 agreement

SHOE CARNIVAL INC

New $100M revolving credit facility with Wells Fargo; maturity March 23, 2027.
Uncommitted accordion feature allows increase up to an additional $50M.
Interest at Base Rate + 0.00%-1.0% or Adjusted Term SOFR + 0.90%-1.90%.
Financial covenants: Net Worth ≥ $250M, Interest Coverage Ratio ≥ 3.00x.
Prior $100M facility terminated March 2022 without early termination penalties.

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