Huntington Business Credit Provides $550MM Credit Facility to Designer Brands

Huntington Business Credit, acting as administrative agent, joint bookrunner and joint lead arranger, closed a $550 million credit facility for Designer Brands on March 30. Designer Brands used proceeds of the facility to refinance existing debt and to provide working capital growth financing.

Designer Brands, headquartered in Columbus, OH, is a North American footwear and accessories designer, producer and retailer for women, men and children. Designer Brands operates Designer Shoe Warehouse (DSW) and The Shoe Company retail locations, the Camuto Group and related e-commerce platforms.