SMP enters $750M credit facility to fund Nissens Automotive acquisition

STANDARD MOTOR PRODUCTS, INC.

New $750M facility includes $440M revolver and $310M term loans; matures Sept 2029.
Proceeds will fund Nissens Automotive acquisition (announced July 10, 2024) by year-end and repay existing debt.
Plans interest rate swaps to fix rate on ~$200M of borrowings; CFO cites flexibility for growth and shareholder returns.
Replaces existing $625M credit facility (2022 Credit Agreement) terminated on September 16, 2024.

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