Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers M > Headlines for Monro, Inc. > News item |
Monro extends $600 million facility to 2024, expands accordion
By Sarah Lizee
Olympia, Wash., May 1 – Monro, Inc. amended and restated its credit agreement on April 25, extending its existing $600 million senior secured credit facility to 2024, according to an 8-K filing with the Securities and Exchange Commission.
The accordion was also amended, allowing the company to request up to $250 million of additional availability, which is an increase of $150 million from the prior financing agreement.
Monro plans to use the facility to refinance debt, for acquisitions and for general corporate purposes.
The Rochester, N.Y.-based company provides automotive undercar repair and tire sales and services.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.