Wolverine to draw on credit facility for senior notes redemption

By Sara Rosenberg

New York, Aug. 16 – Wolverine World Wide Inc. plans to use borrowings under its senior credit facility to help fund the redemption of its outstanding 6 1/8% senior notes due 2020, according to a news release.

Other funds for the transaction will come from $250 million of senior notes and cash on hand.

Wolverine is a Rockford, Mich.-based marketer of branded footwear and apparel.

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