Dillard's amends revolver, extending maturity by one year

By Sara Rosenberg

New York, May 4 - Dillard's Inc. amended its $1.2 billion senior secured revolving credit facility, extending the maturity by one year to Dec. 12, 2012, according to a news release.

There are no financial covenant requirements under the revolver, provided availability exceeds $100 million.

Proceeds are available 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.

JPMorgan is the lead bank on the deal.

Dillard's is a Little Rock, Ark.-based fashion apparel and home furnishings retailer.

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