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Wells Fargo Downsizes Alliance Data Revolver to $750MM

December 26, 2019

Alliance Data Systems reduced the aggregate revolving credit commitments from $1,072.4 million to $750 million. Following the repayment and amendment, Alliance Data’s outstanding term loan balance is $2,028.8 million.

The company also completed an upsized placement of $850 million in unsecured 4.750% Senior Notes due 2024.

According to a related 8-K filing, Wells Fargo served as administrative agent for the credit facility amendment. Alliance Data was represented in both transactions by Akin Gump Strauss Hauer & Feld.

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