Dealertrack Technologies repays, terminates term loan B, revolver

By Angela McDaniels

Tacoma, Wash., Oct. 1 – Dealertrack Technologies, Inc. repaid and terminated its term loan B and revolving credit facility dated Feb. 28, 2014, according to an 8-K filing with the Securities and Exchange Commission.

The action was taken in connection with the company’s acquisition by Cox Automotive, Inc. on Thursday.

JPMorgan Chase Bank, NA was the administrative agent for the facilities.

Lake Success, N.Y.-based Dealertrack provides software services to the automotive retail industry. Cox Automotive is an Atlanta-based provider of digital marketing, wholesale and e-commerce solutions across the automotive industry.

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