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Stock impact report

Dillard’s, Inc. Amends Revolving Credit Facility

Dillard's, Inc. (DDS) 
Last dillard's, inc. earnings: 2/25 07:30 am Check Earnings Report
Company Research Source: Business Wire
LITTLE ROCK, Ark.--(BUSINESS WIRE)--Dillard’s, Inc. (NYSE: DDS) (“Dillard’s” or “the Company”) announced that it has amended its $800 million senior unsecured revolving credit facility consistent with the Company’s liquidity needs. The amended credit facility is secured by inventory of certain subsidiaries. A $200 million expansion option remains in place and the maturity date remains August 9, 2022.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 $100 million.Concurrent with the signing of the amended credit facility, the Company repaid the $779 million borrowed under the previous agreement on March 25, 2020. Dillard’s will have no bo Show less Read more
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