Simpson Thacher Represents Dillard’s in an Amendment to Its $800 Million Credit Facility
05.04.20
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Simpson Thacher represented Dillard’s, Inc. (“Dillard’s”) in connection with an amendment to the $800 million credit facility among Dillard’s, Dillard Store Services, Inc., certain subsidiaries party thereto and JPMorgan Chase Bank, N.A. as administrative agent and collateral agent and the lenders party thereto. The agreement provides for a $200 million expansion option and the amended credit facility secured the previous unsecured obligations with certain inventory and deposit accounts of certain subsidiaries and certain deposit accounts of Dillard’s.
Dillard’s (NYSE: DDS) ranks among the nation’s largest fashion retailers. The Company focuses on delivering style, service and value to its shoppers by offering compelling apparel, cosmetics, and home selections complemented by exceptional customer care. Dillard’s stores offer a broad selection of merchandise and feature products from both national and exclusive brand sources. The Company operates 257 Dillard’s locations and 28 clearance centers spanning 29 states and an Internet store at www.dillards.com.
The Simpson Thacher team included Brian Gluck, Leah Nudelman and Janet Kanzawa (Banking and Credit); John Creed and Jasmine Hay (Tax); and Andrew Blau, Jeanne Annarumma and Pasco Struhs (ECEB).