Designer Brands Inc. (DBI): debt financing — Designer Brands extends ABL facility maturity to 2031; reduces FILO commitment to $29.5M

Designer Brands Inc.

Maximum FILO commitment reduced from $30M to $29.5M; once repaid, no reborrowing permitted.
Maturity date extended from March 30, 2027 to earlier of Feb 27, 2031 or senior term loan maturity.
Term SOFR credit spread adjustment removed; interest rates otherwise unchanged.
Borrowers agreed to comply with timelines for transitioning payment processing service provider.
Third Amendment conditioned on Availability of at least $90M as of January 31, 2026.

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

Designer Brands Inc. amended credit facility with The Huntington National Bank maturing the earlier of (1) February 27, 2031 and (2) the maturity date of the Company’s senior secured term loan credit agreement, dated June 23, 2023.

Instrument: credit facility
Counterparty: The Huntington National Bank
Maturity: the earlier of (1) February 27, 2031 and (2) the maturity date of the Company’s senior secured term loan credit agreement, dated June 23, 2023
Event: amendment

Exact text from the filing

the maturity date of the Credit Facilities from March 30, 2027 to the earlier of (1) February 27, 2031 and (2) the maturity date of the Company’s senior secured term loan credit agreement, dated June 23, 2023

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

Designer Brands Inc. amended term loan of up to $29.5 million.

Instrument: term loan
Principal: up to $29.5 million
Event: amendment

Exact text from the filing

The Third Amendment reduces the maximum commitment of the first-in-last-out term loan facility from up to $30 million to up to $29.5 million

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Designer Brands Inc. amended Third Amendment with The Huntington National Bank, as Administrative Agent valued at $600 million (effective 2026-02-27).

Action: amendment
Agreement: credit facility
Counterparty: The Huntington National Bank, as Administrative Agent
Value: $600 million
Effective: 2026-02-27

Exact text from the filing

On February 27, 2026, Designer Brands Inc. (the "Company") entered into a third amendment to its asset-based revolving Credit Agreement (the "Third 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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Designer Brands Inc. filing history →

Source: SEC EDGAR

accession 0001319947-26-000012

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