G-III Apparel Group enters $700M ABL credit facility, extends maturity to 2029

G III APPAREL GROUP LTD /DE/

New $700M senior secured asset-based revolving facility replaces $650M prior agreement.
Maturity extended to June 4, 2029 from August 7, 2025.
Borrowings bear interest at SOFR +1.50%-2.00% or base rate +0.50%-1.00%.
Facility is secured by specified assets of Borrowers and Guarantors.
JPMorgan Chase Bank, N.A. acts as administrative agent.

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