Deckers Outdoor Corporation has entered into a new $200 million secured revolving credit facility that contains a $50 million sublimit for the issuance of letters of credit and a $5 million sublimit for swingline loans. The company has the option to increase the maximum principal amount available under the credit agreement by up to $100 million more, so the maximum available principal amount is $300 million. The credit agreement is subject to customary conditions and the approval of any lender whose commitment would be increased. JPMorgan Chase Bank was the administrative agent, and Comerica Bank and HSBC Bank USA were syndication agents.

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