Wolverine World Wide to pay down revolver borrowings with new notes

By Rebecca Melvin

New York, May 6 – Wolverine World Wide, Inc. plans to repay borrowings under its revolving credit facility with proceeds of a new notes offering, according to a company release.

The company announced that it is offering $300 million of senior notes due 2025, subject to market and other customary conditions, on Wednesday.

Wolverine is a branded footwear and apparel maker, based in Rockford, Mich.

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