Shoe Carnival accordion doubles revolver to $100 million

By Wendy Van Sickle

Columbus, Ohio, April 16 – Shoe Carnival, Inc. exercised the accordion feature of its credit agreement with Wells Fargo Bank, NA and Fifth Third Bank, NA on Thursday to double its line of credit to $100 million, according to a news release.

The company has no cash borrowings under the facility.

Shoe Carnival said it exercised the accordion out of an abundance of caution in light of the Covid-19 pandemic.

The footwear retailer is based in Evansville, Ind.

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