Wolverine Worldwide plans to offer $375 million worth of senior notes to be due in 2020. The proceeds from the offering will go toward the company's acquisition of the Performance + Lifestyle Group of Collective Brands; repaying and ending its existing revolving credit facility; repaying some of Collective's debts; and paying related fees and expenses. Certain domestic subsidiaries of Wolverine will guarantee the notes. In accordance with Rule 144A of the U.S. Securities Act, the notes will be offered only to institutional buyers in the U.S. and non-U.S. buyers.

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