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Dillard's, Inc. Amends and Extends Revolving Credit Facility

1. Dillard’s amended and extended $800 million credit facility to enhance liquidity. 2. The new maturity date is set for March 12, 2030. 3. A $200 million expansion option remains available to the company. 4. No financial covenant requirements exist under the new agreement. 5. Facility can be used for various corporate purposes, including share repurchases.

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FAQ

Why Bullish?

This facility extension increases liquidity and offers potential for growth; similar moves historically have led to improved investor confidence and stock performance.

How important is it?

Increased liquidity and flexibility can significantly influence investor perceptions and stock valuation, particularly in retail sectors.

Why Long Term?

The long-term maturity and the possibility of share repurchases could boost investor sentiment and support stock price appreciation over time.

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March 17, 2025 16:58 ET  | Source: Dillard's, Inc. LITTLE ROCK, Ark., March 17, 2025 (GLOBE NEWSWIRE) -- Dillard’s, Inc. (DDS-NYSE) (“Dillard’s” or “the Company”) announced that it has amended and extended its $800 million senior secured revolving credit facility consistent with the Company’s liquidity needs. A $200 million expansion option remains in place. The new maturity date is March 12, 2030. The credit facility is available to the Company 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. There are no financial covenant requirements under the amended credit agreement provided availability exceeds $80 million and no specified event of default has occurred or is continuing. The credit facility was arranged by JPMorgan Chase Bank, N.A. Contact:         Julie J. Guymon(501) 376-5965julie.guymon@dillards.com

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