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Alliance Data increases revolver size by $210 million
By Sara Rosenberg
New York, July 18 - Alliance Data Systems Corp. exercised the $210 million accordion feature under its credit facility on Friday and added RBC as a lender, according to an 8-K filed with the Securities and Exchange Commission.
The expanded facility now provides for a $750 million revolver, of which $355 million was drawn at June 30.
Bank of Montreal is the administrative agent on the deal.
Alliance Data is a Dallas-based provider of data-driven and transaction-based marketing and customer loyalty services.
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