Saks.com adds $160 million to credit facilities to support growth

Chicago, Aug. 17 – Saks.com LLC announced increases to two credit facilities “to support continued growth,” according to a press release on Wednesday.

The New York-based luxury ecommerce platform increased the borrowing capacity on its asset-based revolver to $450 million from $350 million. Bank of America, NA is the arranger.

The company also added to its senior secured term loan facility with Pathlight Capital LP as administrative agent, increasing borrowings to $175 million from $115 million.

On both facilities, there were no changes to the maturity dates which are both due in 2026.

Proceeds on the revolver will continue to help fund the company’s working capital needs and will be used for general corporate purposes.

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