Dallas -- Zale Corp. is extending the maturity of $120 million of its credit facility by more than two and a half years, the Associated Press reported.
The portion being extended includes a seasonal adjustment of $20 million. The debt was set to mature Aug. 11. Now, it matures on April 30, 2014.
Zale said Monday that commitments under the facility remain at $650 million, including a $108 million seasonal adjustment. All commitments mature on the new date in 2014.