Jones Apparel Group Inc., whose clothing and footwear brands include Jones New York, Nine West and Anne Klein, reduced the amount it can borrow through existing lines of credit to $600 million from $1.25 billion.

The company said it needed less borrowing capacity because of the down economy.

A $500 million line maturing in June was terminated, a $750 million line maturing in May 2010 was cut to $600 million.

Jones, which is based in New York but has financial operations in Bristol, said the terms of the loan were adjusted to give the company greater flexibility "during these unprecedented economic times."

On the other hand, fees and interest rates increased to current, unspecified market rates, Jones said.