Shoe Carnival Further Enhances Financial Liquidity

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Apr 17, 2020
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Shoe Carnival, Inc. (Nasdaq: SCVL) (the “Company”), a leading retailer of moderately priced footwear and accessories, today 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. The exercise, which closed on April 16, 2020, resulted in an increase of the Company’s line of credit from $50 million to $100 million. The Company currently has no cash borrowings under the facility.