Motorcar Parts’ Borrowing Reserve Increases To $10 Million
By Gary Molinaro | May 21st, 2010 | Category: Greensheet News | No Comments »Torrance, CA-based Motorcar Parts of America (MPA) has entered into an amendment to its revolving credit and term loan agreement with Union Bank N.A., as administrative agent and lender, and the Branch Banking & Trust Co. The amendment provides, among other things, that the borrowing reserve in connection with MPA’s revolving facility under the credit agreement be increased from $7.50 million to $10.00 million.
