Alliance Data extends credit facility, cuts revolver to $750 million

By Sarah Lizee

Olympia, Wash., Dec. 23 – Alliance Data Systems Corp. amended its credit facility, extending the maturity date to Dec. 31, 2022 from June 14, 2021, according to a press release.

The amendment also reduced aggregate revolving credit commitments to $750 million from $1,072,400,000.

As previously reported, the company also repaid a portion of the debt under its term loans using proceeds from a new $600 million offering of notes.

Following the repayment and amendment, Alliance Data's outstanding term loan balance is $2,028,800,000.

Alliance Data Systems is a Columbus, Ohio-based marketing services provider.

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