Stage Stores Announces $250 Million Credit Facility

Stage Stores, Inc. SSI today announced that it has entered into a $250 million senior secured revolving credit facility that will mature on June 30, 2016. The Credit Facility replaces the Company's former $250 million senior secured revolving credit facility, which was set to mature on April 20, 2012. Borrowing availability under the Credit Facility may be used for working capital and general corporate purposes, as well as to support the Company's letters of credit requirements. Bank of America, N.A. is the administrative agent for the Credit Facility, and the joint lead arrangers are Merrill Lynch, Pierce, Fenner & Smith Incorporated and Wells Fargo Capital Finance, LLC.