American Eagle Outfitters 2011 Annual Report Download - page 70

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Table of Contents
AMERICAN EAGLE OUTFITTERS, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
17. Subsequent Events
On March 2, 2012, the Company entered into a five-year, $150.0 million syndicated, unsecured, revolving credit agreement (the "Credit Agreement").
The primary purpose of the Credit Agreement is to provide additional access to capital for general corporate purposes and the issuance of letters of credit. The
Credit Agreement replaced the uncommitted demand lines in the aggregate amount of $110.0 million USD and $25.0 million CAD.
The Credit Agreement will mature on March 2, 2017. Stand-by letters of credit totaling approximately $8.5 million were outstanding under the Credit
Agreement on March 15, 2012. No borrowings were outstanding under the Credit Agreement on March 15, 2012.
Refer to Note 9 to the Consolidated Financial Statements for additional information regarding other credit arrangements.
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