On January 11, 2019, Stage Stores, Inc. and subsidiary Specialty Retailers, Inc. entered into an amendment to senior secured revolving credit facility agreement (with references to the “credit facility” and “credit facility agreement” herein to include all prior amendments to senior secured revolving credit facility and the agreement related thereto). The amendment was entered into by and among Specialty Retailers, Inc., as borrower, Stage Stores, Inc., as guarantor, Wells Fargo Bank, National Association, as administrative agent, collateral agent and term loan agent, and lenders Wells Fargo Bank, National Association, JPMorgan Chase Bank, N.A., Regions Bank, Bank of America, N.A., SunTrust Bank, Pathlight Capital Fund I LP, and Pathlight Capital LLC. The amendment provides with an additional $25,000,000 term loan, and now it has total term loans of $50,000,000. With the addition of the new term loan, total availability under credit facility is up to $475,000,000, including a $25,000,000 seasonal increase. Interest rates under the credit facility are determined by a prime rate or LIBOR, plus an applicable margin, as set forth in the credit facility agreement. Borrowings under the credit facility are limited to the availability under a borrowing base that is determined principally on eligible inventory as defined by the credit facility agreement. The credit facility, including the term loan, is secured by inventory, cash, cash equivalents, and substantially all of other assets. Borrowings under the credit facility remain available for working capital and general corporate purposes, as well as to finance capital expenditures and to support letter of credit requirements. The term loan matures on December 16, 2021, contemporaneously with the existing credit facility.