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Article Date: July 2020
Word Count: 104

Foot Locker Expands, Then Pays Off, Its Revolver

FL expanded its asset-backed revolving credit facility from Wells Fargo to $600 million from $400 million and extended its maturity date to July 14, 2025. Borrowings from the facility are tied to Big Foot’s level of inventory and accounts receivable. The additional liquidity will backstop FL’s overall liquidity, but it has repaid ... Log in to view full article.


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