Smart & Final Stores entered into a fourth amendment to its first lien term loan credit agreement dated November 15, 2012, increasing the aggregate amount under the facility from $594.9 million to $625 million.

According to a related 8-K filing, Morgan Stanley acted as administrative agent and collateral agent for the first lien term loan credit agreement, as well as joint lead arranger and joint bookrunner on subsequent amendments.

Other banks included Deutsche Bank Securities as co-documentation agent, syndication agent, joint lead arranger and joint book-runner; Merrill Lynch as joint lead arrangers and joint book-runners; Credit Suisse Securities as joint lead arranger and joint book-runner and Credit Suisse AG as co-documentation agent.

Bank of America acted as administrative agent, collateral agent, swingline lender and issuing bank for the company’s $150 million asset-based lending facility in 2012.

The applicable margin rates are 3.50% with respect to loans for which Smart & Final has elected to have the adjusted LIBOR rate apply and 2.50% with respect to loans for which it has elected to have the base rate apply.

Smart & Final expects to utilize the increased capacity to reduce the amounts due under its revolving credit agreement, which was last amended July 19, 2016, and for general corporate purposes.

In conjunction with its acquisition by Ares Management in 2012, Smart & Final Stores entered into three financing arrangements on November 15, 2012. The company went public in 2014.

Commerce, CA-based Smart & Final is a chain of warehouse-style grocery and supply with over 200 locations in the Western U.S. and Mexico.