Levi Strauss & Co., Levi Strauss & Co. Inc. and Certain Other Subsidiaries Enter into A Second Amendment to Its Second Amended and Restated Credit Agreement (The Amendment) with Jpmorgan Chase Bank, N.A
January 07, 2021 at 10:27 pm
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On January 5, 2021, Levi Strauss & Co., Levi Strauss & Co. (Canada) Inc. and certain other subsidiaries of the company, entered into a second amendment to its second amended and restated credit agreement (the Amendment) with JPMorgan Chase Bank, N.A., as Administrative Agent (the Administrative Agent), JPMorgan Chase Bank, N.A., Toronto Branch, as Multicurrency Administrative Agent (together with the Administrative Agent, the “Agents”), the lenders party thereto, which amends the existing Second Amended and Restated Credit Agreement, dated as of May 23, 2017, as amended by a Amendment No. 1 to Second Amended and Restated Credit Agreement dated as of October 23, 2018 (as so amended, the “Existing Credit Agreement,” and, as further amended by the Amendment, the “Restated Credit Agreement”) by and among the company, LS Canada, the other subsidiaries party thereto, the Agents, the lenders party thereto, and the other financial institutions and arrangers party thereto. The Restated Credit Agreement modifies certain terms of the Existing Credit Agreement including (i) extending the term of the agreement to January 2026 and (ii) reducing the letter of credit sublimit from $350,000,000 to $150,000,000.
Levi Strauss & Co. is an apparel company. The Company designs and markets jeans, casual wear and related accessories for men, women and children under the Levi's, Signatureby Levi Strauss & Co., Denizen, Dockers and Beyond Yoga brands. The Company operates through three geographical segments: Americas, Europe, and Asia. It designs, markets and sells directly or through third parties and licensee's products that include jeans, casual and dress pants, tops, shorts, skirts, dresses, jackets, footwear, and related accessories for men, women and children around the world. The Companyâs products are sold in more than 110 countries worldwide through a combination of chain retailers, department stores, online sites, and a global footprint of approximately 3,200 retail stores and shop-in-shops. Outside the United States, department stores, specialty retailers, franchised or other brand-dedicated stores and shop-in-shops are its primary distribution channels.
Levi Strauss & Co., Levi Strauss & Co. Inc. and Certain Other Subsidiaries Enter into A Second Amendment to Its Second Amended and Restated Credit Agreement (The Amendment) with Jpmorgan Chase Bank, N.A
LEVI STRAUSS & CO. 
