Dorman Products replaced its existing credit agreement with a new $100 million revolving credit facility agented by Wells Fargo.

According to a related 8-K filing, the new facility includes a $20 million sublimit for the issuance of standby or commercial letters of credit. The company has the ability to request an increase of the revolving credit facility size in the future by up to an additional $100 million. There are several customary conditions to the increase and any such increases must be in the amount of at least $10 million.

Proceeds from the facility will be used to finance capital expenditures, to pay fees, commissions and expenses in connection with the transactions contemplated by the credit agreement for working capital and general corporate purposes, and to finance acquisitions and share repurchases.

Dorman is a supplier of original equipment dealer “exclusive” automotive and heavy duty replacement parts, automotive hardware and brake parts, and fasteners to the automotive and heavy vehicle industry.