Core-Mark expands credit facility to support company growth.
North American marketer of fresh and broad-line supply solutions, Core-Mark Holding Co. Inc., has entered into a seventh amendment to its credit facility, which is expected to mature in May 2020.
The amendment increases the size of its credit facility from $200 million to $300 million. The amendment also includes an expansion feature to give Core-Mark the option to further increase the size of the credit facility by an additional $100 million to a total of $400 million if exercised.
“We are pleased to have expanded our credit facility with this syndicate group, as this will give us the necessary credit to support the expected acceleration in our growth,” said Stacy Loretz-Congdon, chief financial officer for Core-Mark Holding Co.
