Send us Feedback

Foot Locker (FL)
Analysis
SUMMARY
BULLS
BEARS
TOPICS
Data
DATA CENTRAL
STOCK CHART
Financials
SEC FILINGS
BALANCE
INCOME
CASH FLOW

FL » Topics » March 2009 New Credit Agreement

These excerpts taken from the FL 10-K filed Mar 30, 2009.

March 2009 New Credit Agreement

     On March 20, 2009, the Company entered into a new credit agreement with its banks, providing for a $200 million revolving credit facility maturing on March 20, 2013 (the “New Credit Agreement”), which replaces the existing Credit Agreement. The New Credit Agreement also provides an incremental facility of up to $100 million under certain circumstances. The New Credit Agreement provides for a security interest in certain of the Company’s domestic assets, including certain inventory assets. However, no material covenants or payment restrictions exist until the Company is borrowing under the agreement and, in that event, the restrictions may vary depending upon the level of borrowings.

March 2009 New Credit
Agreement


     On
March 20, 2009, the Company entered into a new credit agreement with its banks,
providing for a $200 million revolving credit facility maturing on March 20,
2013 (the “New Credit Agreement”), which replaces the existing Credit Agreement.
The New Credit Agreement also provides an incremental facility of up to $100
million under certain circumstances. The New Credit Agreement provides for a
security interest in certain of the Company’s domestic assets, including certain
inventory assets. However, no material covenants or payment restrictions exist
until the Company is borrowing under the agreement and, in that event, the
restrictions may vary depending upon the level of borrowings.


March 2009 New Credit
Agreement


     On
March 20, 2009, the Company entered into a new credit agreement with its banks,
providing for a $200 million revolving credit facility maturing on March 20,
2013 (the “New Credit Agreement”), which replaces the existing Credit Agreement.
The New Credit Agreement also provides an incremental facility of up to $100
million under certain circumstances. The New Credit Agreement provides for a
security interest in certain of the Company’s domestic assets, including certain
inventory assets. However, no material covenants or payment restrictions exist
until the Company is borrowing under the agreement and, in that event, the
restrictions may vary depending upon the level of borrowings.


EXCERPTS ON THIS PAGE:

10-K (3 sections)
Mar 30, 2009

RELATED TOPICS for FL:

Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki