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Dillard's, Inc. Provides Recap of Key Financial Strengths.

Publication: M2 Presswire
Publication Date: 31-OCT-08
Format: Online
Delivery: Immediate Online Access

Article Excerpt
M2 PRESSWIRE-31 October 2008-Dillard's Inc: Dillard's, Inc. Provides Recap of Key Financial Strengths(C)1994-2008 M2 COMMUNICATIONS LTD

RDATE:31102008

Little Rock, Arkansas -- Dillard's, Inc. (DDS: NYSE) ("Dillard's" or the "Company") responded today to concerns raised regarding its financial strength.

We reiterate our belief that the best way to serve the long-term interests of all stakeholders is to operate our business conservatively in light of the near-term economic uncertainty. Accordingly, we would like to highlight the following:

* We maintain a $1.2 billion revolving credit facility with JP Morgan Chase Bank as the lead agent. The credit agreement expires December 12, 2012. There are no financial covenants under this facility provided availability exceeds $100...

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