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LKQ Secures $1B Credit Facility

LKQ has reached a definitive credit agreement with several lenders to borrow up to $1 billion.

    LKQhas reached a definitive credit agreement with several lenders to borrow up to $1 billion. The new loan will replace the replacement car part maker’s $750 million facility, which was due to expired in October 2013.

    The new facility includes a $750 million revolving credit facility with a $300 million multicurrency sublimit and a $250 million term loan facility.JP Morgan Securities,Merrill Lynch,Pierce,Fenner &Smith,RBS CitizensandWells Fargo Securitiesacted as joint bookrunners and joint lead arrangers.

    Click here for the release fromGlobe Newswire.

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