CarParts.com entered into a $25 million revolving credit facility with First Business Bank. The credit facility matures in March 2028.
“This credit facility, along with our already strong balance sheet, represents a significant milestone for the Company and underscores the strong confidence our lending partner has in our business model,” David Meniane, CEO of CarParts.com, said. “We remain focused on delivering value to all our key stakeholders, and we believe the increased liquidity and strategic investments will enable us to achieve sustained long-term success.”
Dorsey & Whitney acted as legal counsel to the company in connection with this credit facility.
