Standard Motor Products closes new $500M credit facility, replaces $300M revolver

STANDARD MOTOR PRODUCTS, INC.

New $500M facility: $100M term loan + $400M multi-currency revolver, maturing June 2027, replacing $300M revolving facility from 2015.
Entered interest rate swap on $100M of borrowings to manage exposure to interest rate changes.
Proceeds repay prior revolver, fees, and for general corporate purposes; CFO cites support for growth and shareholder returns.
Revolver has $25M letter of credit sublimit; interest based on SOFR plus applicable margin (1.0%–2.0% for benchmark borrowings).
Material domestic subsidiaries guarantee the facility, secured by substantially all personal property.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.