Burlington Coat Credit

Burlington Coat Factory Investments Holdings, Inc. and its operating subsidiaries entered into a Second Amended and Restated Credit Agreement that extended the credit agreement to September 2, 2016, retained commitments of $600 million in the aggregate and under certain conditions may be increased to $900 million, and lowered interest rates and other bank fees for the revolving credit facility.

Burlington Coat's other long term debt had previously been replaced in February 2011 with a new $1.0 billion senior secured term loan facility that matures in 2017 and $450 million aggregate principal amount of 10% Senior Notes due 2019. With the completion of the new Amended Credit Agreement, the company now has no significant debt amortization or maturity over the next five years. The company continues to operate 462 stores in 44 states and Puerto Rico.