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  • Sep 17, 2024

      Show headlines and story abstract
    • 10:45AM ET on Tuesday Sep 17, 2024 by PR Newswire
      Companies Mentioned: SMP

      Standard Motor Products, Inc. (NYSE: SMP), a leading automotive parts manufacturer and distributor, announced today it has entered into a new five-year $750 million credit facility, with JPMorgan Chase Bank, N.A., as agent, and a syndicate of lenders (the "Credit Facility"). The Credit Facility includes $310 million of term loansand a $440 million revolving credit facility, and allows for borrowing in multiple currencies. In addition, SMP intends touse interest rate swap agreements to fix the interest rate on approximately $200 million of borrowings.

    • 10:34AM ET on Tuesday Sep 17, 2024 by MT Newswires
      Companies Mentioned: JPM, SMP
      10:34 AM EDT, 09/17/2024 (MT Newswires) -- Standard Motor Products (SMP) said Tuesday it has secured a new five-year $750 million credit facility with JPMorgan Chase's (JPM) JPMorgan Chase Bank subsidiary serving as the agent, and a syndicate of len...
    • 8:30AM ET on Tuesday Sep 17, 2024 by Dow Jones
      Companies Mentioned: SMP

      Standard Motor Products, Inc. Announces New $750 Million Credit Facility

      PR Newswire

      NEW YORK, Sept. 17, 2024

      NEW YORK, Sept. 17, 2024 /PRNewswire/ -- Standard Motor Products, Inc. (NYSE: SMP), a leading automotive parts manufacturer and distributor, announced today it has entered into a new five-year $750 million credit facility, with JPMorgan Chase Bank, N.A., as agent, and a syndicate of lenders (the "Credit Facility"). The Credit Facility includes $310 million of term loans and a $440 million revolving credit facility, and allows for borrowing in multiple currencies. In addition, SMP intends to use interest rate swap agreements to fix the interest rate on approximately $200 million of borrowings.
    • 8:30AM ET on Tuesday Sep 17, 2024 by Dow Jones
      Companies Mentioned: SMP

      Standard Motor Products, Inc. Announces New $750 Million Credit Facility

      PR Newswire

      NEW YORK, Sept. 17, 2024

      NEW YORK, Sept. 17, 2024 /PRNewswire/ -- Standard Motor Products, Inc. (NYSE: SMP), a leading automotive parts manufacturer and distributor, announced today it has entered into a new five-year $750 million credit facility, with JPMorgan Chase Bank, N.A., as agent, and a syndicate of lenders (the "Credit Facility"). The Credit Facility includes $310 million of term loans and a $440 million revolving credit facility, and allows for borrowing in multiple currencies. In addition, SMP intends to use interest rate swap agreements to fix the interest rate on approximately $200 million of borrowings.