Alliance Data amends loans, adding total leverage requirement

By Sara Rosenberg

New York, June 17 - Alliance Data Systems Corp. amended its credit facilities, replacing the total capitalization covenant with a total leverage covenant, according to an 8-K filed with the Securities and Exchange Commission Tuesday.

In addition, covenants regarding the company's ability to create liens, repurchase stock and make investments were also revised.

Bank of Montreal is the administrative agent on the deals.

The amendment was completed on June 16.

Lenders received a 25 basis point amendment fee.

Alliance Data is a Dallas-based provider of marketing, loyalty and transaction services.

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