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Benzinga
Benzinga
Business
Shivani Kumaresan

Carparts.Com Enters $75M Credit Facility Agreement

Nasdaq
  • CarParts.Com Inc (NASDAQ:PRTS) has entered into an amended and restated facility in place of their prior credit facility. 
  • The agreement provides for a renewed five-year asset-based revolving credit facility with JPMorgan Chase Bank N.A. as administrative agent, sole lead arranger, and lender.
  • The credit facility includes an increased lender commitment of up to $75 million. It allows for an uncommitted ability to increase the ABL by an additional $75 million for a total potential capacity of $150 million. The credit facility is currently undrawn.
  • Price Action: PRTS shares are trading higher by 7.87% at $8.22 on the last check Tuesday.
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