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Core-Mark to draw on revolver for purchase of Auburn Merchandise
By Sara Rosenberg
New York, May 9 - Core-Mark Holding Co. Inc. plans to use borrowings under its revolving credit facility to fund the about $28 million acquisition of Auburn Merchandise Distributors Inc., according to a news release.
The deal is expected to close in June.
Core-Mark is a San Francisco-based wholesale distributor of packaged consumer products to the convenience retail industry.
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