Big Lots Credit Facility

Big Lots, Inc. signed a new $700 million five-year unsecured revolving credit facility which includes a C$200 million sub-facility to support the growth of the newly acquired Canadian operations. The new facility replaced its prior $500 million credit facility which was set to expire in April 2012. The new facility will be used to fund working capital needs and for general corporate purposes. Big Lots currently operates 1,412 Big Lots stores in the 48 contiguous United States and 89 Liquidation World and LW stores in Canada.