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 term loan of up to $30,000,000, which was drawn in full with The Huntington National Bank, as Administrative Agent, and the Lenders at Adjusted Term SOFR plus 3.25% maturing March 30, 2027.
- Instrument
- term loan
- Principal
- up to $30,000,000, which was drawn in full
- Counterparty
- The Huntington National Bank, as Administrative Agent, and the Lenders
- Rate
- Adjusted Term SOFR plus 3.25%
- Maturity
- March 30, 2027
- Event
- incurrence
Exact text from the filing
The First Amendment also provides for a first-in-last-out term loan facility of up to $30,000,000, which was drawn in full on the date of the First Amendment
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Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Designer Brands Inc. amended revolving credit of increased the available capacity under the ABL Facility from $550,000,000 to $600,000,000 with The Huntington National Bank, as Administrative Agent, and the Lenders maturing March 30, 2027.
- Instrument
- revolving credit
- Principal
- increased the available capacity under the ABL Facility from $550,000,000 to $600,000,000
- Counterparty
- The Huntington National Bank, as Administrative Agent, and the Lenders
- Maturity
- March 30, 2027
- Event
- amendment
Exact text from the filing
The First Amendment increased (i) the available capacity under the ABL Facility from $550,000,000 to $600,000,000
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Designer Brands Inc. amended First Amendment with the lenders party thereto, and The Huntington National Bank, as Administrative Agent valued at $600,000,000 (effective 2023-02-28).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- the lenders party thereto, and The Huntington National Bank, as Administrative Agent
- Value
- $600,000,000
- Effective
- 2023-02-28
Exact text from the filing
On February 28, 2023, Designer Brands Inc. (the "Company") entered into a first amendment (the "First Amendment") by and among the Company and certain subsidiaries of the Company from time to time, as U.S. Borrowers, Designer Brands Canada Inc. and other subsidiaries from time to time, as Canadian Borrowers (which are referred to, together with the U.S. Borrowers, as the "Borrowers"), other loan parties, including certain subsidiaries of the Company as U.S. Guarantors (together with the Borrowers, the "Loan Parties"), the lenders party thereto (the "Lenders"), and The Huntington National Bank, as Administrative Agent (the "Administrative Agent").
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