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LKQ Increases Borrowing Capacity
June 3, 2005
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CHICAGO -- LKQ Corp. has entered into a second amendment to its credit agreement with Bank of America, N.A., LaSalle Bank National Association, JP Morgan Chase Bank, NA and National City Bank of the Midwest. The second amendment increased the aggregate commitment available for borrowing by LKQ under the credit agreement from $100 million to $135 million, extended the maturity date of the agreement from February 17, 2007 to June 1, 2010, and modified certain other terms.

According to Mark Spears, senior vice president and CFO of LKQ, the increased capacity will give the company more flexibility to expand through acquisitions as well as internally. "We have enjoyed a beneficial relationship with our lending group, and we are pleased that they have the confidence in us to continue that relationship," he said.

LKQ is a nationwide provider of recycled OEM automotive replacement parts and related services, with 47 sales and processing facilities, nine self-service retail automotive parts facilities and 12 redistribution centers.

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