CarParts amends and restates $75 million revolver maturing in 2027

Chicago, June 21 – CarParts.com, Inc. amended and restated its $75 million asset-based revolving credit agreement with JPMorgan Chase Bank, NA as administrative agent, according to an 8-K filed with the Securities and Exchange Commission regarding the June 17 agreement.

The credit facility matures on June 17, 2027.

There is an accordion feature for an additional $75 million of potential borrowings.

Undrawn availability will bear interest at either 20 basis points or 25 bps, based on the amount of undrawn availability.

Drawings under the facility will either bear interest at 1.5% or 2%, based on the fixed-charge coverage ratio.

The credit facility is currently undrawn.

JPMorgan Chase Bank, NA is the administrative agent, lead arranger and a lender.

Based in Torrance, Calif., the borrower is an e-commerce provider of automotive parts and accessories.

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