secwatch.observer — SEC 8-K summary
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Issuer:     DILLARD'S, INC. (DDS)
CIK:        0000028917
Form:       8-K
Filed at:   2025-03-18T23:59:59+00:00
Accession:  0001104659-25-025069
Event type: debt
Sentiment:  neutral
Materiality: 0.35
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Dillard's amends $800M revolver; maturity extended to March 2030, rates reduced
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- $800M senior secured revolver amended; $200M expansion option retained; new maturity March 12, 2030.
- Interest rate reduced: Term Benchmark loans at 1.25% or 1.50% (based on availability); base rate at 0.25% or 0.50%.
- Unused commitment fee reduced to 0.25% or 0.20% per annum depending on utilization.
- No financial covenant unless availability below $80M and no default.
- Facility arranged by JPMorgan Chase Bank, N.A.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/28917/000110465925025069/0001104659-25-025069-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/28917/000110465925025069/tm259524d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-025069

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