Caleres Expands Liquidity Position
Caleres, Inc. (CAL)
Last caleres, inc. earnings: 3/12 04:10 pm
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Source: Business Wire
Exercises accordion feature ST. LOUIS--(BUSINESS WIRE)--Caleres (NYSE: CAL, caleres.com), a diverse portfolio of global footwear brands, today announced it has exercised a portion of the accordion feature on its asset-based revolving credit facility. The exercise increases the available borrowing capacity under the facility by $100 million to a total of $600 million.“We appreciate the strong support from our lenders and their confidence in the long-term outlook for Caleres,” said Ken Hannah, senior vice president and chief financial officer. “This increase in our borrowing capacity – coupled with our ongoing efforts to reduce cash outflows – will help ensure Caleres has adequate liquidity to weather the current economic shutdown.”Following this exercise, Caleres has in excess of $335 million of liquidity, including $175 million of cash, with no significant debt maturities until 2023.In recent weeks, the company has outlined the actions it is taking to align the organization to this
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CAL
News
- Q3 Earnings Outperformers: Caleres (NYSE:CAL) And The Rest Of The Footwear Stocks [Yahoo! Finance]Yahoo! Finance
- Caleres Declares Regular Quarterly DividendBusiness Wire
- Caleres' Q3 Earnings & Revenues Miss Estimates, FY24 View Down [Yahoo! Finance]Yahoo! Finance
- Caleres, Inc. (NYSE: CAL) had its price target lowered by analysts at Loop Capital from $30.00 to $25.00. They now have a "hold" rating on the stock.MarketBeat
- Caleres Inc (CAL) Q3 2024 Earnings Call Highlights: Navigating Challenges with Strategic Growth ... [Yahoo! Finance]Yahoo! Finance
CAL
Earnings
- 12/5/24 - Miss
CAL
Sec Filings
- 12/11/24 - Form 10-Q
- 12/5/24 - Form 8-K
- 11/18/24 - Form 3
- CAL's page on the SEC website