JPMorgan Leads Core-Mark Facility Amendment
Core-Mark Holding Company, a marketer of fresh and broad-line supply solutions for the convenience retail industry, announced that it entered into a fifth amendment to its $200 million credit facility.
This amendment reduces the margin on LIBOR borrowings by 50 basis points and the unused facility fees by over 12 basis points while extending the term for two years to May 2016.
“We want to express our gratitude to our agent bank JPMorgan Chase Bank for coordinating this effort and are extremely pleased with the long-term partnership we have with our entire syndicate. Their assistance and deep commitment has allowed us to arrange favorable terms and extend our relationship,” said Stacy Loretz-Congdon, chief financial officer for Core-Mark Holding Company.