Brown Shoe Company Enters Into Credit Facility

On January 7, 2011, Brown Shoe Company, Inc. and certain of its subsidiaries, including Brown Shoe Company of Canada Ltd., (“Brown Shoe”) entered into a third amendment and restatement of its senior secured asset-based revolving credit facility in the principal amount of US$380 million.

On February 17, 2011, the credit facility was increased to US$530 million in connection with Brown Shoe's acquisition of American Sporting Goods Corporation. The facilities were agented by Bank of America, N.A.

Brown Shoe is a $2.5 billion global footwear company.

Terry Peterman of McMillan LLP represented Brown Shoe in Canada. Bryan Cave LLP represented Brown Shoe in the United States with a team consisting of Jeffrey Chavkin, Morgan Bassett and Gretchen von Dwingelo.

Ogilvy Renault LLP represented Bank of America, N.A. in Canada with a team consisting of Kevin Morley and David Amato. Riemer & Braunstein LLP represented Bank of America, N.A. in the United States with a team consisting of David Berman, Marjorie Crider and Jaime Koff.