JPMorgan Chase Bank acted as administrative agent for a $400 million credit facility to Urban Outfitters with J.P. Morgan Securities and Wells Fargo Bank as joint lead arrangers and co-book managers.

The agreement provides for a new senior secured asset-based revolving credit facility of up to $400 million. It will be subject to a borrowing base with the lenders making revolving loans, swing line loans and issuing letters of credit. The agreement also provides for an uncommitted accordion feature allowing for an increase in the aggregate principal amount of up to an additional $150 million.

Urban Outfitters operates retail stores and direct response, including a catalog and websites. The credit facility is available for working capital and other general corporate purposes.