American Eagle’s $400 Million Credit Facility


Choate represented PNC Bank on the transaction

American Eagle Outfitters, Inc. secured a $400 Million syndicated credit facility from PNC Bank.

The proceeds of the credit facility are being used for working capital and general corporate purposes.

American Eagle Outfitters, Inc. retails men’s and women’s casual apparel, footwear, outerwear, and accessories. the company, led by Jay L Schottenstein, Jennifer M Foyle and Charles F Kessler, in 2018 recorded $3.795 billion revenues.

Choate represented PNC Bank with a team including John F. Ventola (Picture), Jennifer Conway Fenn, Jacob A. Klapholz and Wagner N. Soto.

Involved fees earner: Jennifer Conway Fenn – Choate; Jacob Klapholz – Choate; Wagner Soto – Choate; John Ventola – Choate;

Law Firms: Choate;

Clients: PNC Bank;

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Author: Ambrogio Visconti