LKQ Corporation closed an amendment to its credit facility that increased the aggregate amount available from $2.3 billion to $3.2 billion. The amended facility includes a $2.45 billion multi-currency revolver and a term loan facility of approximately $500 million and €230 million ($250 million).

Wells Fargo Securities, served as left lead arranger and left bookrunner on the credit facility. Merrill Lynch, Bank of Tokyo-Mitsubishi UFJ and Citizens Bank acted as joint lead arrangers and joint bookrunners.

Wells Fargo Bank will serve as the administrative agent, Bank of America, as syndication agent and Bank of Tokyo-Mitsubishi UFJ and Citizens Bank as documentation agents with respect to the amended credit facility.

The amended facility extended the maturity date from May 3, 2019 to January 29, 2021, and increased the flexibility of certain restrictive covenants, including provisions relating to additional indebtedness.

“We appreciate the ongoing support and confidence of the financial institutions involved in our credit facility. Along with our strong cash flow, the new facility provides our company the liquidity and financial flexibility to invest in the continued growth of our business with the goal of enhancing long-term shareholder value,” said Dominick Zarcone, executive vice president and CFO of LKQ Corporation.

Chicago-based LKQ Corporation is a provider of alternative and specialty parts to repair and accessorize automobiles and other vehicles. LKQ has operations in North America, the UK, Netherlands, Belgium, France, Scandinavia, Australia and Taiwan.