SOUTH SAN FRANCISCO, Calif. -- Core-Mark Holding Co. Inc., one of the largest marketers of fresh and broad-line supply solutions to the convenience-store retail industry in North America, said that it has entered into a seventh amendment to its credit facility, which matures in May 2020.
The amendment increases the size of its credit facility from $200 million to $300 million.
The amendment also includes an expansion feature to give Core-Mark the option to further increase the size of the credit facility by an additional $100 million to a total of $400 million if exercised.
“We are pleased to have expanded our credit facility with this syndicate group, as this will give us the necessary credit to support the expected acceleration in our growth,” said Stacy Loretz-Congdon, CFO for Core-Mark.
South San Francisco, Calif.-based Core-Mark, founded in 1888, offers a full range of products, marketing programs and technology solutions to approximately 37,500 customer locations in the United States and Canada through 29 distribution centers. It services traditional convenience-store retailers, grocers, drug, liquor and specialty stores and other stores that carry convenience products.
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