Jack in the Box Inc. announced completion of an amendment to its existing senior credit facility. Under the terms of the amendment, the credit facility was increased to $1.2 billion, which consists of a $300 million term loan and $900 million revolving credit facility, the company said.

“The amended credit agreement provides us with more than $400 million of additional borrowing capacity to support the company’s strategic priorities,” said Jerry Rebel, executive vice president and chief financial officer of Jack in the Box. “With our growing level of EBITDA, the extra capacity will enable us to comfortably maintain leverage within a 2 to 3 times range.”

EBITDA stands for earnings before interest, taxes, depreciation, and amortization.

According to the fast-food company, there was no change to the maturity date or interest rates for either facility. The maturity date for both the revolving credit facility and the term loan will remain in March 2019.

Wells Fargo Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Inc., and Cooperative Centrale Raiffesisen-Boerenleenbank B.A. “Rabobank International” New York Branch served as joint lead arrangers and joint lead bookrunners, Jack in the Box said.