The increased capacity of Core-Mark’s credit facility will allow the company greater flexibility and enable growth.
Core-Mark Holding Co. Inc. has entered into an eighth amendment to its credit facility which increased the size from $300 million to $450 million. In addition, this amendment includes an expansion feature which provides the company the option to increase the facility by another $150 million to a total of $600 million. The maturity date of the credit facility is May 2020.
“The expanded credit facility provides the necessary liquidity and flexibility to enable our continued growth. We appreciate the commitment of our bank syndicate group. Their strong support is a testament to Core-Mark’s steady performance, healthy balance sheet and anticipated growth plans,” said Christopher Miller, chief financial officer for Core-Mark Holding Co.
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