Daily News: October 15, 2012

Wells Fargo, BofA Arrange Amendment for Pep Boys


The Pep Boys – Manny, Moe & Jack, an automotive aftermarket service and retail chain, announced that it had closed on its amended and restated term loan facility. Wells Fargo Securities and BofA Merrill Lynch served as joint lead arrangers and joint bookrunners on the transaction.

The amended and restated facility is in the principal amount of $200 million, bears interest at LIBOR (with a floor of 1.25%) plus 3.75%, matures on October 11, 2018 and is secured by the real estate underlying 142 of the company