To help finance its global expansion plans, Guess Inc. said it has entered into a larger $200 million credit facility with a syndicate of banks led by J.P. Morgan Securities LLC and Bank of America Merrill Lynch.

After the Wednesday markets closed, the Los Angeles apparel company said that the five-year secured revolving facility replaces an $85 million line of credit that was scheduled to mature on Sept. 30. It includes an “accordion” feature to allow an additional $100 million of borrowings under certain circumstances.

“Our credit facility, combined with the company’s operating cash flows and strong balance sheet and cash position, provide us the platform to access well over $1 billion of potential capital to pursue our global expansion efforts and any other opportunities,” Chairman Maurice Marciano said in a statement.

There were no borrowings due under the old credit facility other than normal letter of credit obligations, the company said.

Shares earlier closed up 49 cents, or 1 percent, to $43.58 on the New York Stock Exchange.