LKQ to use revolver borrowings for Pittsburgh Glass Works acquisition

By Marisa Wong

Morgantown, W.Va., Feb. 29 – LKQ Corp. announced it plans to use borrowings under its revolving credit facility to finance its acquisition of Pittsburgh Glass Works LLC.

The transaction is valued at $635 million.

As of Feb. 25 the company had about $2.2 billion of available borrowing capacity on its credit facility, according to a press release.

Based in Chicago, LKQ provides alternative and specialty parts to repair and accessorize automobiles and other vehicles. Pittsburgh Glass Works designs, makes and distributes automotive glass.

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