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4/12/2012 5:10 PM ET

Dillard's Inc. (DDS: Quote) announced that it has amended and extended its $1.0 billion senior secured revolving credit facility. The facility, which now expires on April 11, 2017, has higher availability with the same amount of inventory pledged.

The amended facility is available to the Company for general corporate purposes including, among other uses, working capital financing, the issuance of letters of credit, capital expenditures and, subject to certain restrictions, the repayment of existing indebtedness and share repurchases.

There are no financial covenant requirements under the credit agreement provided availability exceeds $100 million.

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