Kizik, a footwear company, amended its credit facility with JPMorgan Chase. The amendment increases Kizik’s revolver capacity from $10 million to $25 million, with the potential to further expand to $50 million during the term of the agreement.
The amended credit facility provides Kizik with enhanced financial flexibility and positions the company for continued growth into new distribution channels, including company-owned retail stores, U.S. wholesale and international markets.
“This amended credit facility is a testament to the strong and collaborative relationship we have built with JPMorgan Chase,” Monte Deere, CEO of Kizik, said. “It not only reflects our business strategy and financial performance but also empowers us to pursue new opportunities as we make hands-free footwear available to more people in more places.”
“We’re proud to work with Kizik on this amended credit facility and support the company’s continued growth as an innovator in the hands-free footwear space,” Leo Gutierrez, Utah market executive for JPMorgan Chase’s middle market banking and specialized industries business, said.
With the expanded credit facility in place, Kizik looks forward to a future of accelerated growth and continued innovation as the leader of hands-free footwear.
