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Genesco enters into $400M amended credit agreement

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Genesco enters into $400M amended credit agreement

Apparel and footwear retailer Genesco Inc. on Jan. 31 entered into a fourth amended and restated credit agreement for an aggregate principal amount of $400 million, according to a Feb. 2 regulatory filing.

The revolving credit facility, which replaces the company's previous $400 million revolving credit facility, comes with a five-year term.

Genesco could increase the credit facility by an aggregate of up to $200 million, subject to meeting certain conditions, including the receipt of commitments for the increased amount. A perfected first priority lien on certain assets of the company and certain of its units serves as collateral for the credit facility.

Bank of America NA is the agent, U.S. Bank NA and Suntrust Bank are the co-syndication agents, PNC Bank NA is the documentation agent, while Bank of America NA, U.S. Bank NA and Suntrust Robinson Humphrey Inc. are the joint lead arrangers and joint book-runners for the credit agreement.