Financial

Wolverine Worldwide amends credit facility

By 2023-07-12T15:29:00

WOLVERINE-WORLDWIDE-INC.1

The deal, a fourth amendment to its existing credit agreement, will give the Merrell and Saucony parent more near-term financial and operational flexibility for the remainder of its fiscal year as it continues implementing its turnaround plan. Wolverine’s maximum consolidated ratio under the new amendment moves to 4.875x Ebitda from ...

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