Dillard's, Inc. : Amends and Extends $1.0 Billion Revolving Credit Facility
04/12/2012| 04:10pm US/Eastern
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Dillard's, Inc. (NYSE: DDS) ("Dillard's" or the "Company") announced
today that it has amended and extended its $1.0 billion senior secured
revolving credit facility. The facility, which now expires on April 11,
2017, has higher availability with the same amount of inventory pledged.
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.
Dillard?s, Inc.
Julie Johnson Bull, 501-376-5965
Director
of Investor Relations
© Business Wire 2012
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