Keystone amends loan, providing for new $90 million term loan C

By Sara Rosenberg

New York, Dec. 29 - Keystone Automotive Operations Inc. amended its credit facility, adding a new $90 million term loan C to the capital structure, according to an 8-K filed with the Securities and Exchange Commission.

The term loan C carries an initial interest rate of Libor plus 250 basis points.

Proceeds from the term loan C were used to finance the acquisition of Reliable Investments Inc., to repay some revolver debt and for general corporate purposes.

The amendment was completed on Dec. 23.

Bank of America is the administrative agent on the deal.

Keystone is an Exeter, Pa.-based provider of automotive parts and accessories.

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