Motorcar Parts of America, a remanufacturer, manufacturer and distributor of automotive aftermarket parts, extended the maturity date of the company’s $238.62 million revolving credit facility led by PNC Bank to December 2028.
Motorcar Parts of America extended the maturity date of the loan agreement of its existing credit facility with PNC Bank to May 2026, including amendments which further enhance the company’s liquidity base.
Motorcar Parts of America entered into an amended credit facility agreement led by PNC Bank, resulting in a new increased aggregate facility of approximately $269 million.
PNC Bank led a new five-year $230 million credit facility for Motorcar Parts of America. The facility includes a $200 million revolver and $30 million term loan.
Motorcar Parts of America increased its revolving credit facility by $20 million to $120 million, with corresponding changes to certain thresholds. PNC Bank agented the transaction.
Motorcar Parts of America announced it entered into an amended $125 million credit facility with Cerberus Business Finance as collateral agent and PNC Bank National Association as administrative agent.