Motorcar Parts of America Announces Extension of Credit Facility

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Jun 02, 2021

Motorcar Parts of America, Inc. (Nasdaq: MPAA) today announced it has extended the maturity date of the loan agreement of the company’s existing credit facility led by PNC Bank, N.A. to May 2026 – including amendments which further enhance the company’s strong liquidity base. The credit facility amount remains unchanged, with an aggregate facility of approximately $269 million – consisting of a $238.62 million revolver and a $30 million term loan facility.