CHICAGO -- LKQ Corp. has amended its Credit Agreement from Oct. 12, 2007, to increase the company's ability to use cash for acquisitions by eliminating the prior annual dollar limit.  

In addition, the company said the amendment provides increased flexibility for the company to deploy debt proceeds, increases the amount of letters of credit the company can issue and provides a number of minor improvements and clarifications to the prior terms.

John Quinn, CFO of LKQ Corp., stated, "Acquisitions are an important component to our growth strategy. This amendment provides us with the flexibility we need as we continue to execute our plan. Our banking partners acknowledged we had outgrown the prior agreement and through their support for this amendment recognized our acumen in identifying and integrating accretive acquisitions."