Skechers USA Inc. announced that it has expanded its senior, unsecured credit facility to $750 million, which retains a $250 million accordion feature.
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Skechers USA reported strong earnings and sales gains in the third quarter but delays tied to supply chain constraints caused both to come in below guidance and the company’s outlook was slightly reduced for the full year. Skechers officials see the logistics challenges easing somewhat and remained upbeat on holiday selling.