Stage Stores enters $350 million credit facility

Houston - Stage Stores Inc. has entered into an amended and restated $350 million senior secured revolving credit facility that will mature on Oct. 6, 2019. The credit facility replaces the company’s former $250 million senior secured revolving credit facility, which was set to mature on June 30, 2016.



The amended facility increases availability to $300 million, with a seasonal increase to $350 million, provides better pricing terms, and extends the maturity date. Stage Stores will use the facility for working capital and general corporate purposes, as well as to finance capital expenditures and to support letters of credit requirements.