Bank of America amends and restates US$600 mn asset-based credit facility in favour of Brown Shoe Company

December 18, 2014

Client: Bank of America, N.A.

On December 18, 2014, Brown Shoe Company, Inc. and certain of its subsidiaries, including Brown Shoe Company of Canada Ltd. (“Brown Shoe”), entered into a fourth amendment and restatement of its senior secured asset-based revolving credit facility in the principal amount of US$600 mn. The terms of the amendment and restatement include an accordion feature, which allows Brown Shoe to request an increase in the size of the facility by US$150 mn. The facilities were agented by Bank of America, N.A.

Brown Shoe is a footwear company with worldwide operations. The products of the company are made available in the over 1,200 Famous Footwear and Naturalizer retail stores operated by Brown Shoe, in hundreds of major department and specialty stores, on 13 branded e-commerce websites, and on several additional third-party retail websites.

Norton Rose Fulbright Canada LLP represented Bank of America, N.A. in Canada with a team consisting of David Amato and Aditya Rebbapragada.