Motorcar Parts lifts amended, restated credit facility to $269 million

By Rebecca Melvin

New York, June 5 – Motorcar Parts of America, Inc. has entered into an amended and restated credit facility with PNC Bank, NA that raises its credit facility by $69 million to $269 million, according to a company news release.

The facility consists of a $238.62 million revolver line and $30 million term loan.

As previously reported, the credit facility matures on June 5, 2023, and borrowings bear interest at Libor plus a margin that ranges from 225 basis points to 275 bps, depending on the total leverage ratio, and the facility fee is 50 bps or 37.5 bps, depending on the average daily unpaid balance.

Los Angeles-based Motorcar Parts is a remanufacturer, manufacturer and distributor of automotive aftermarket parts.

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