Limited Brands extends credit agreement by 2 years, reduces commitment amounts

Limited Brands extends credit agreement

COLUMBUS, Ohio — The retailer Limited Brands Inc. said Monday it has amended its existing credit agreement, extending it by two years and reducing lender commitment amounts.

For consenting lenders, the company said the end date for their commitments was extended to Aug. 1, 2014, and the amount of their commitments was reduced from $873.3 million to $800 million.

For non-consenting lenders, the end date of Aug. 3, 2012 and the principal of $126.7 million of commitments were not changed.

The amendment reduces the aggregate amount of lender commitments under the credit agreement from $1 billion to $926.7 million.

Also, the company repaid about $200 million outstanding under a term loan credit agreement.

Shares rose 19 cents to $23.47.