FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
 
Skip Navigation LinksHome / Articles / Read Article

Print

BofA Leads $500MM Syndicated Credit Facility for Skechers

Date: Nov 27, 2019 @ 08:55 AM
Filed Under: Apparel

SKECHERS USA, Inc., a global footwear leader, announced the closing of a new $500 million, five-year, senior unsecured credit facility. This new credit facility replaces the $250 million asset-backed credit facility that Skechers entered into in 2015, which was due to expire in June 2020.

The syndicate of lenders includes Bank of America N.A., a subsidiary of Bank of America Corporation (NYSE:BAC), as lead arranger, and BofA Securities, Inc., a subsidiary of Bank of America Corporation, HSBC Bank USA, N.A., a subsidiary of HSBC Holdings plc and JPMorgan Chase Bank, N.A., a subsidiary of JPMorgan Chase & Co. as joint lead arrangers for the facility. Additional participants in the syndicate include Bank of China, Los Angeles Branch, MUFG Union Bank, N.A. and City National Bank.

Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.