Copart amends facility, lifting term loan size by $100 million

By Sara Rosenberg

New York, Oct. 4 - Copart Inc. amended its credit facility, increasing the term loan to $500 million from $400 million, according to an 8-K filed with the Securities and Exchange Commission on Tuesday.

In addition, the quarterly principal payments under the term loan were revised to $18.75 million.

The amendment was completed on Sept. 29.

Bank of America is the lead on the deal.

Copart is a Fairfield, Calif.-based provider of online auctions and vehicle remarketing services.

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