Core-Mark Refinances Debt

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Core-Mark Refinances Debt

02/03/2010
SOUTH SAN FRANCISCO, Calif. -- Convenience store distributor Core-Mark Holding Co. Inc. amended and extended its credit facility for four years, in the amount of $200 million.

JP Morgan Chase Bank and BMO Capital Markets served as co-lead arrangers and joint bookrunners.

"We believe our amended facility will provide the necessary liquidity for our current needs and also the flexibility to expand our facility as we execute our growth strategies, including acquisition," said Stacy Loretz-Congdon, Core-Mark's CFO. "We were very pleased that we were oversubscribed and we thank our lenders for their confidence and tremendous partnership shown during this process."

Core-Mark provides distribution, logistics services and marketing programs to more than 24,000 retail locations in the United States and Canada.

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