Wolverine World Wide reduces credit facility to $600M, extends maturity to 2030

WOLVERINE WORLD WIDE INC /DE/

Revolving credit facility commitments reduced from $800M to $600M; term loan A eliminated.
$25.0M in existing term loan A principal refinanced with proceeds of new facility.
Maturity extended to September 24, 2030; interest based on SOFR plus margin of 1.25%–2.25%.
Receivables Purchase Agreement termination date extended to September 25, 2028.
Company states amended facility sufficient to meet ongoing capital needs.

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