Alliance Data amends facility, draws $200 million incremental loans

By Marisa Wong

Morgantown, W.Va., Sept. 29 – Alliance Data Systems Corp. entered into a second amendment to its credit agreement dated July 10, 2013 with Wells Fargo Bank, NA as administrative agent on Sept. 25, according to an 8-K filing with the Securities and Exchange Commission.

Under the amendment, Alliance Data borrowed incremental term loans totaling $200 million.

The new incremental term loans mature on Sept. 23, 2016 and bear interest at the same rates as, and are generally subject to the same terms as, the existing term loans under the credit agreement.

Alliance Data intends to use proceeds of the incremental term loans to pay down its revolving credit facility and for general corporate purposes.

Alliance Data is a Plano, Texas-based provider of direct marketing services.

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