Genesco amendment increases Canadian commitments to $70 million

By Tali Rackner

Norfolk, Va., Dec. 7 – Genesco Inc., along with GCO Canada Inc. and Genesco (UK) Ltd., amended its third amended and restated credit agreement on Monday to increase the Canadian total commitments to $70 million from $25 million, according to an 8-K filing with the Securities and Exchange Commission.

The amendment also permits, under certain circumstances, borrowings in excess of the Canadian borrowing base.

On Monday, GCO Canada completed the acquisition of the 37-store Little Burgundy retail footwear chain in Canada.

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

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