Core-Mark extends $200 million facility to 2016, lowers interest

By Susanna Moon

Chicago, May 6 - Core-Mark Holding Co., Inc. said it reduced the interest rate and the unused fee on its $200 million credit facility under a fourth amendment with agent JPMorgan Chase & Co.

The maturity date was extended to May 2016 from February 2014, according to a company press release.

Core-Mark did not specify the margin reduction on Libor borrowings or the unused fee amount.

"We believe this credit facility, with its expansion feature, will adequately support our future growth initiatives," Stacy Loretz-Congdon, chief financial officer for Core-Mark, said in the release.

Core-Mark is a San Francisco-based wholesale distributor of packaged consumer products to the convenience retail industry.

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