Shoe Carnival, Inc. (USA), a leading retailer of moderately priced footwear and accessories, announced it has exercised the accordion feature of its credit agreement with Wells Fargo Bank, N.A. and Fifth Third Bank, National Association to further enhance its financial liquidity position.
This has resulted in an increase of the company’s line of credit from $50 million to $100 million. She Carnival currently has no cash borrowings under the facility.
NEWSWIRE
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