CSK Auto amends loan; upping LOC limit, insurance collateral requirements

By Sara Rosenberg

New York, Dec. 19 - CSK Auto Corp. amended its credit agreement, increasing the letter of credit limit and supporting increased collateral requirements in connection with insurance coverage renewal obligations, according to a filing with the Securities and Exchange Commission.

Specifically, under the amendment, the company can now issue up to $25 million in letters of credit.

JPMorgan Chase Bank is the administrative agent, Credit Suisse First Boston is the syndication agent and UBS AG is the documentation agent.

CSK Auto is a Phoenix specialty retailer of automotive parts and accessories.

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