CollisionWeek

Your source for the latest collision repair industry news, statistics and trend analysis.

  • News
  • Research
  • Feature
  • Subscribe
You are here: Home / News / Lawson Products Expands Borrowing Capacity to $100 Million

Lawson Products Expands Borrowing Capacity to $100 Million

October 15, 2019 By CollisionWeek Editor

Lawson Products, Inc. (NASDAQ:LAWS), parent of Kent Automotive, announced it has entered into a new credit agreement increasing its maximum borrowing capacity from $40 million to $100 million. The new agreement also includes an accordion feature, subject to certain criteria as well as obtaining additional commitments from its lenders that would provide meaningful additional borrowing capacity. The five-year agreement provides for increased capacity for future acquisitions, combines multiple existing credit facilities and lowers borrowing spreads and unused commitment fees.

Lawson Products logo“We are extremely pleased to expand our bank group to include JPMorgan Chase and Bank of America and continue our long-term

Subscribers need to be logged in to see rest of this article. Please Login to access. If you're not a subscriber, click here for information on our satisfaction guaranteed subscription options. 

Filed Under: News Tagged With: Lawson Products

Interview Sponsors

IBIS Publisher Partner

Login

Remember Me
Subscribe | Lost your Password?

Tags

AAA AASP/NJ Acquisitions Advanced Driver Assistance Systems Agreements Signed Annual Conference Auto Care Association Automotive Service Association Autonomous Vehicles Awards Axalta Coating Systems Board of Directors Boyd Group California Canada Career and Technical Education CARSTAR CCC Collision Industry Electronic Commerce Association Collision Repair Education Foundation Coronavirus Crash Champions Diagnostics Donations Earnings Electric Vehicles Florida I-CAR Lawsuits legislation LKQ Corporation National Auto Body Council Network Affiliations New Jersey New Vehicle Sales Non-OEM Parts Openings People PPG Industries Regulations Right to Repair Scholarships Texas United Kingdom Workforce Development

Recent Articles

  • Travelers to Sell Canadian Insurance Operations to Definity for $2.4 Billion May 28, 2025
  • Oklahoma Storage and Total Loss Administrative Charge Price Control Bill Becomes Law May 28, 2025
  • LKQ Publishes 2024 Global Sustainability Report May 28, 2025
  • Fix Auto Franchisee Opens 6th Location in California May 28, 2025
  • Florida Body Shop Owner Pleads Guilty to Bank Fraud May 28, 2025
  • Liberty Mutual Insurance Donates $25,000 to Collision Engineering Career Alliance May 27, 2025
  • CARSTAR Adds Collision Repair Center in Deerfield Beach, Florida May 27, 2025

CollisionWeek Membership

  • Login
  • Lost Password
  • Membership Details
  • Register
  • Sponsors
  • Subscription Information
  • Terms of Use for CollisionWeek

More Information

About CollisionWeek
Contact Us
Privacy Policy
Event Calendar
Take the Collision Repair Business Conditions Survey

Copyright 1999-2025 - QuanDec Corporation - All Rights Reserved ยท Log in