CarParts.com Shares Rise on $75M Credit Facility - News Summed Up

CarParts.com Shares Rise on $75M Credit Facility


By Dean SealCarParts.com Inc. shares rose 10% to $8.41 in early trading after the company said it renewed a $75 million five-year credit facility with JPMorgan Chase Bank. The Torrance, Calif.-based online seller of automotive parts and accessories said Tuesday the credit facility includes a commitment of up to $75 million and allows for an additional $75 million to be put up, for a potential capacity of $150 million.


Source: Wall Street Journal June 21, 2022 17:13 UTC



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