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. The credit facility amount remains unchanged, with an aggregate facility of approximately $269 million, consisting of a $238.6 million revolver and a $30 million term loan facility.
“The extension and related amendments recognize the company’s strategic milestones and the further benefits we expect to realize from our investments. We are gratified by the ongoing support of PNC Bank and the loan syndicate and look forward to a continued strong working relationship,” Selwyn Joffe, chairman, president and CEO of Motorcar Parts of America, said.
