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.
