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PNC Leads $230MM Facility for Motorcar Parts of America

June 8, 2018

PNC Bank led a new five-year, $230 million credit facility for Motorcar Parts of America. The facility includes a $200 million revolver and $30 million term loan and replaces a previous credit facility consisting of a $120 million revolver and a $25 million term loan.

“The new credit facility provides the company with more than adequate increased liquidity at less cost, and more financial flexibility to execute management’s strategic growth plans for the future. We are gratified by the ongoing support of PNC and the loan syndicate and look forward to a continued strong working relationship,” said Selwyn Joffe, chairman, president and CEO of Motorcars.

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