DSW to tap credit facility for $375 million buyout of Camuto business

By Susanna Moon

Chicago, Oct. 10 – DSW Inc. said it will use cash and draw from its credit facility to fund the acquisition of Camuto Group’s operations for $375 million.

Under the terms of an agreement, DSW will contribute about $200 million to acquire Camuto Group's global production, sourcing and design infrastructure, in addition to existing working capital of about $100 million, according to an announcement. DSW will also acquire some licensing rights.

The deal has been approved by DSW’s board of directors and is expected to close at the beginning of the fiscal fourth quarter.

DSW is a Columbus, Ohio-based branded footwear retailer.

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