Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Designer Brands Inc. incurred credit facility of $135,000,000 with PLC Agent LLC, as Administrative Agent and Lead Arranger at adjusted 3-month term SOFR, subject to a floor of 2.0%, plus 7.0% maturing June 23, 2028.
- Instrument
- credit facility
- Principal
- $135,000,000
- Counterparty
- PLC Agent LLC, as Administrative Agent and Lead Arranger
- Rate
- adjusted 3-month term SOFR, subject to a floor of 2.0%, plus 7.0%
- Maturity
- June 23, 2028
- Event
- incurrence
Exact text from the filing
The Term Loan Credit Agreement provides for a senior secured term loan in the maximum aggregate principal amount of $135,000,000
View on SEC.gov
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Designer Brands Inc. amended revolving credit with The Huntington National Bank, as Administrative Agent at increases the applicable margin on loans under the ABL Facility by 0.25%.
- Instrument
- revolving credit
- Counterparty
- The Huntington National Bank, as Administrative Agent
- Rate
- increases the applicable margin on loans under the ABL Facility by 0.25%
- Event
- amendment
Exact text from the filing
The Second Amendment amends the ABL Credit Agreement to permit the incurrence of the Term Loan, and also increases the applicable margin on loans under the ABL Facility by 0.25%
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Designer Brands Inc. amended Second Amendment with The Huntington National Bank, as Administrative Agent (effective 2023-06-23).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- The Huntington National Bank, as Administrative Agent
- Effective
- 2023-06-23
Exact text from the filing
Also on the Effective Date, the Company entered into a second amendment (the “Second Amendment”) by and among the Company and certain subsidiaries of the Company from time to time, as U.S. Borrowers, DBI Canada and other subsidiaries from time to time, as Canadian Borrowers (which are referred to, together with the U.S. Borrowers, as the “ABL Borrowers”), other loan parties, including certain subsidiaries of the Company as U.S. Guarantors (together with the ABL Borrowers, the “Loan Parties”), the lenders party thereto (the “Lenders”), and The Huntington National Bank, as Administrative Agent (the “ABL Administrative Agent”).
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Designer Brands Inc. entered into Term Loan Credit Agreement with PLC Agent LLC, as Administrative Agent and Lead Arranger valued at $135,000,000 (effective 2023-06-23).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- PLC Agent LLC, as Administrative Agent and Lead Arranger
- Value
- $135,000,000
- Effective
- 2023-06-23
Exact text from the filing
On June 23, 2023 (the “Effective Date”), Designer Brands Inc. (the “Company”) entered into a credit agreement (the “Term Loan Credit Agreement”) among the Company, as U.S. borrower, Designer Brands Canada Inc., as Canadian borrower (the “DBI Canada” and, together with the Company, the “Term Loan Borrowers”), certain of the Company’s domestic subsidiaries as guarantors, the lenders party thereto, and PLC Agent LLC, as Administrative Agent and Lead Arranger.
View on SEC.gov