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JPMorgan Chase Arranges Dillard’s Revolving Credit Facility Amendment, Extension

April 30, 2021, 07:00 AM
Filed Under: Retail

Dillard’s amended and extended its $800 million senior secured revolving credit facility. A $200 million expansion option remains in place. The new maturity date is April 28, 2026. The credit facility wsa arranged by JPMorgan Chase Bank.

The credit 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 amended credit agreement provided availability exceeds $80 million.

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