Keystone Automotive gets $75 million credit facility

By Sara Rosenberg

New York, Oct. 20 - Keystone Automotive Industries Inc. closed on a new $75 million secured credit facility due October 2010, according to a company news release.

Wells Fargo Bank was the agent on the deal and JP Morgan Chase Bank participated as well.

The facility, which contains a $25 million accordion feature, replaces the company's previous $40 million facility.

Borrowings are available for acquisitions, greenfields, working capital and general corporate purposes.

Keystone is a Pomona, Calif.-based distributor of products primarily to collision repair shops.

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