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Caleres amends, extends credit agreement

Caleres (CAL) announced it has entered into an amendment of its credit agreement, which extends its senior secured asset-based revolving credit facility to June 2030. The company’s borrowing capacity under the agreement will increase by $200M to $700M, and the agreement includes an accordion feature, which allows the company to request an increase in the size of the facility to $950M in the aggregate.

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