---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-22-021594"
form_type: "8-K"
ticker: "SMP"
cik: "0000093389"
company_name: "STANDARD MOTOR PRODUCTS, INC."
filed_at: "2022-06-02T23:59:59+00:00"
generated_at: "2026-06-25T05:18:46.885683+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001140361-22-021594
- form_type: 8-K
- ticker: SMP
- cik: 0000093389
- company_name: STANDARD MOTOR PRODUCTS, INC.
- filed_at: 2022-06-02T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/93389/000114036122021594/0001140361-22-021594-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/93389/000114036122021594/brhc10038367_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-22-021594
- JSON: https://secwatch.observer/filing/0001140361-22-021594.json
- Plain text: https://secwatch.observer/filing/0001140361-22-021594.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.