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Standard Motor extends loan maturity, allows for $7 million term loan
By Sara Rosenberg
New York, Jan. 3 - Standard Motor Products Inc. amended its credit facility, extending the maturity to Dec. 31, 2008 from Feb. 7, 2008 and allowing for a $7 million term loan issued to its Canadian subsidiary, according to an 8-K filed with the Securities and Exchange Commission Tuesday.
The amendment was completed on Dec. 29.
General Electric Capital Corp. is the agent on the deal.
Standard Motor Products is a Long Island City, N.Y., manufacturer and distributor of replacement parts for motor vehicles.
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