Brown Shoe Company, Inc. and certain of its subsidiaries, including Brown Shoe Company of Canada Ltd., entered into a fourth amendment and restatement of its senior secured asset-based revolving credit facility in the principal amount of US$600 million.
The terms of the amendment and restatement include an accordion feature, which allows Brown Shoe to request an increase in the size of the facility by US$150 million. The facilities were agented by Bank of America, N.A.
Brown Shoe is a footwear company with worldwide operations. The products of the company are made available in the over 1,200 Famous Footwear and Naturalizer retail stores operated by Brown Shoe, in hundreds of major department and specialty stores, on 13 branded e-commerce websites, and on several additional third-party retail websites.
Norton Rose Fulbright Canada LLP represented Bank of America, N.A. in Canada with a team consisting of David Amato and Aditya Rebbapragada. Riemer & Braunstein LLP represented Bank of America, N.A. in the United States with a team consisting of David Berman, Marjorie Crider and Paul Costa.
Elisabeth Preston represented Brown Shoe in Canada. Bryan Cave LLP represented Brown Shoe in the United States with a team consisting of Jeffrey Chavkin and Gretchen von Dwingelo.