Genesco completes $300 million amended and restated credit facility

By Sara Rosenberg

New York, Jan. 26 - Genesco Inc. closed on a $300 million five-year amended and restated revolving credit facility, according to an 8-K filed with the Securities and Exchange Commission on Wednesday.

Bank of America acted as the lead arranger on the deal that was completed on Jan. 21 and was a joint bookrunner with Wells Fargo, U.S. Bank and SunTrust.

Initial pricing on the revolver is Libor plus 250 basis points. Pricing can range from Libor plus 225 bps to 275 bps based on average daily availability.

The commitment fee can range from 37.5 bps to 50 bps based on usage.

There is a $150 million accordion feature.

Proceeds were used to replace an existing $200 million revolver.

Genesco is a Nashville, Tenn.-based retailer of branded footwear, licensed and branded headwear and licensed sports apparel and accessories.

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