Dillard’s, Inc. Amends and Extends Revolving Credit Facility
Dillard's (DDS) has successfully amended and extended its $800 million senior secured revolving credit facility with a new maturity date of March 12, 2030. The facility maintains a $200 million expansion option and can be utilized for various corporate purposes, including working capital, letters of credit, capital expenditures, debt repayment, and share repurchases.
The amended agreement requires no financial covenant compliance as long as availability exceeds $80 million and no specified default events occur. The credit facility was arranged by JPMorgan Chase Bank, N.A.
Dillard's (DDS) ha modificato con successo e prorogato il suo prestito garantito rotativo senior da 800 milioni di dollari, con una nuova data di scadenza fissata per il 12 marzo 2030. Il prestito prevede un'opzione di espansione da 200 milioni di dollari e può essere utilizzato per vari scopi aziendali, tra cui capitale circolante, lettere di credito, spese in conto capitale, rimborso del debito e riacquisto di azioni.
L'accordo modificato non richiede il rispetto di alcun vincolo finanziario, purché la disponibilità superi gli 80 milioni di dollari e non si verifichino eventi di default specificati. Il prestito è stato organizzato da JPMorgan Chase Bank, N.A.
Dillard's (DDS) ha modificado y extendido con éxito su facilidad de crédito rotativa garantizada senior de 800 millones de dólares, con una nueva fecha de vencimiento del 12 de marzo de 2030. La facilidad mantiene una opción de expansión de 200 millones de dólares y puede ser utilizada para diversos fines corporativos, incluyendo capital de trabajo, cartas de crédito, gastos de capital, pago de deudas y recompra de acciones.
El acuerdo enmendado no requiere el cumplimiento de covenants financieros mientras la disponibilidad supere los 80 millones de dólares y no ocurran eventos de incumplimiento especificados. La facilidad de crédito fue organizada por JPMorgan Chase Bank, N.A.
Dillard's (DDS)는 8억 달러 규모의 선순위 담보 회전 신용 시설을 성공적으로 수정하고 연장하였으며, 새로운 만기일은 2030년 3월 12일입니다. 이 시설은 2억 달러의 확장 옵션을 유지하며, 운영 자본, 신용장, 자본 지출, 부채 상환 및 자사주 매입 등 다양한 기업 목적에 사용할 수 있습니다.
수정된 계약은 가용성이 8천만 달러를 초과하고 특정 기본 사건이 발생하지 않는 한 재무 약정 준수를 요구하지 않습니다. 이 신용 시설은 JPMorgan Chase Bank, N.A.에 의해 마련되었습니다.
Dillard's (DDS) a réussi à modifier et à prolonger sa ligne de crédit renouvelable senior garantie de 800 millions de dollars, avec une nouvelle date d'échéance fixée au 12 mars 2030. La ligne de crédit maintient une option d'expansion de 200 millions de dollars et peut être utilisée pour divers objectifs d'entreprise, y compris le fonds de roulement, les lettres de crédit, les dépenses d'investissement, le remboursement de la dette et les rachats d'actions.
L'accord modifié ne nécessite aucune conformité aux engagements financiers tant que la disponibilité dépasse 80 millions de dollars et qu'aucun événement de défaut spécifié ne se produit. La ligne de crédit a été organisée par JPMorgan Chase Bank, N.A.
Dillard's (DDS) hat erfolgreich seine 800 Millionen Dollar umfassende, gesicherte revolvierende Kreditfazilität geändert und verlängert, mit einem neuen Fälligkeitsdatum am 12. März 2030. Die Fazilität enthält eine Erweiterungsoption in Höhe von 200 Millionen Dollar und kann für verschiedene Unternehmenszwecke genutzt werden, einschließlich Betriebskapital, Akkreditive, Investitionsausgaben, Schuldentilgung und Aktienrückkäufe.
Die geänderte Vereinbarung erfordert keine Einhaltung finanzieller Covenants, solange die Verfügbarkeit 80 Millionen Dollar übersteigt und keine bestimmten Ausfallereignisse eintreten. Die Kreditfazilität wurde von JPMorgan Chase Bank, N.A. arrangiert.
- Extended credit facility maturity to March 2030, providing long-term financial flexibility
- Maintained substantial $800 million facility size with $200 million expansion option
- No financial covenant requirements if availability exceeds $80 million
- Flexible terms allowing for share repurchases and debt repayment
- Credit facility availability must maintain $80 million threshold to avoid financial covenant requirements
LITTLE ROCK, Ark., March 17, 2025 (GLOBE NEWSWIRE) -- Dillard’s, Inc. (DDS-NYSE) (“Dillard’s” or “the Company”) announced that it has amended and extended its
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
The credit facility was arranged by JPMorgan Chase Bank, N.A.
Contact:
Julie J. Guymon
(501) 376-5965
julie.guymon@dillards.com
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