11:44 AM EDT, 08/27/2024 (MT Newswires) -- Signet Jewelers ( SIG ) said Tuesday it amended its senior secured asset-based credit facility to lower the available commitment to $1.2 billion from $1.5 billion, among other changes.

The lowered amount reflects the reductions in inventory made by the company over the past three years, according to a filing with the US Securities and Exchange Commission.

Signet said the amendment also extended the facility's maturity date through Aug. 23, 2029, from July 28, 2026.

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