Limited Brands amends credit deal

Limited Brands has announced an amendment and extension of the credit agreement it finalised just over a year ago.

The new deal sees the termination date of the commitments of consenting lenders extended for two years to 1 August 2014.

At the same time, the total amount of their commitments is reduced from US$873.3m to $800m, Limited Brands said.

The arrangements with regard to non-consenting lenders remain unchanged.

The amendment also modifies the covenants of the credit agreements, and the company has also repaid about $200m in outstanding sums under the Term Loan Credit Agreement.

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