Financing ·
Shoe Station Group extends $100M revolving credit facility to Oct 2031 and revises pricing terms
SCVLShoe Carnival Inc
On October 15, 2026, Shoe Station Group entered into a First Amendment to its Amended and Restated Credit Agreement with lenders and Wells Fargo Bank. The amendment extends the maturity date of the $100 million revolving credit facility to October 15, 2031 and revises pricing terms for borrowings and unused commitments. New interest rates are set at Base Rate plus 0.00% to 1.00% or Adjusted Term SOFR plus 1.00% to 2.00%, based on the company's leverage ratio. The amendment also increases the annual restricted-payment basket to $40 million and permits up to $35 million of secured indebtedness for corporate headquarters real property. Shoe Station Group operates in the retail footwear industry, owning and operating a chain of shoe stores.