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Caleres Announces Proposed Senior Notes Offering

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ST. LOUIS--(BUSINESS WIRE)--Caleres (NYSE: CAL)(caleres.com) announced today it intends to offer $200 million in aggregate principal amount of senior notes due 2023 in a private placement, subject to market and other conditions. The notes will be guaranteed on a senior unsecured basis by each of its subsidiaries which is a borrower or guarantor under the company’s existing revolving credit facility. The company intends to use the net proceeds from the offering, together with additional cash on

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