American Tire amends revolver to lift size, push out maturity

By Sara Rosenberg

New York, Nov. 20 - American Tire Distributors Holdings Inc. amended its credit facility, increasing the revolver to $850 million from $650 million and extending the maturity to Nov. 16, 2017, according to an 8-K filed with the Securities and Exchange Commission on Tuesday.

Pricing on the amended revolver can range from Libor plus 150 basis points to 200 bps based on average excess availability, and the unused fee can range from 25 bps to 37.5 bps based on utilization.

The amendment was completed on Nov. 16.

Bank of America is the administrative agent on the deal.

American Tire Distributors is a Huntersville, N.C.-based supplier of tires to the replacement tire market.

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