Famous Footwear 2004 Annual Report Download - page 63

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under the credit agreement is at variable rates based on the LIBOR rate or the base rate, as defined. There is a fee payable on the unused
amount of the facility.
At January 31, 2004, the Company had $119.5 million of borrowings outstanding and $18.2 million in letters of credit outstanding under the
revolving bank credit agreement. Total additional borrowing Availability was approximately $134 million at the end of 2003. Of these
borrowings, $100 million has been classified as long-term on the balance sheet, as the Company does not expect these to be repaid in fiscal
2004. The Company has interest rate swap agreements, with notional amounts of $50 million expiring in each of October 2004 and October
2006,
48