NASHVILLE - Genesco Inc. said it has entered into a three-year credit agreement with seven banks, led by Nations-Bank of North Carolina as agent.

Also in the lending group are First National Bank of Chicago as co-agent, First American National Bank, Canadian Imperial Bank of Commerce, Third National Bank in Nashville, First Union Bank of Tennessee, and Hongkong and Shanghai Banking Corp.

The agreement replaces a $45 million revolving credit and $25 million letter of credit facility. It gives Genesco, a Nashville-based consumer products company, up to $ 100 million of revolving loans or letters of credit.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.