Dillard’s, Inc. Amends and Extends $1 Billion Revolving Credit Facility
LITTLE ROCK, Ark. -- July 1, 2013
Dillard’s, Inc. (NYSE: DDS) (“Dillard’s” or “the “Company”) announced today
that it has amended and extended its $1 billion senior secured revolving
credit facility, taking advantage of favorable market conditions. The facility
pricing was improved and the maturity has been extended an additional year to
July 1, 2018.
The amended facility is available to the Company for general corporate
purposes including, among other uses, working capital financing, the issuance
of letters of credit, capital expenditures and, subject to certain
restrictions, the repayment of existing indebtedness and share repurchases.
There are no financial covenant requirements under the credit agreement
provided availability exceeds $100 million.
The credit facility was arranged by J.P. Morgan Securities LLC and Wells Fargo
Capital Finance, LLC.
Dillard’s, Inc. is one of the nation’s largest fashion apparel, cosmetics and
home furnishing retailers. The Company’s stores operate with one name,
Dillard’s, and span 29 states. Dillard’s stores offer a broad selection of
merchandise, including products sourced and marketed under Dillard’s exclusive
brand names. For more information about Dillard’s, Inc. please visit
Julie J. Bull, 501-376-5965
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