---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-22-023561"
form_type: "8-K"
ticker: "PRTS"
cik: "0001378950"
company_name: "CarParts.com, Inc."
filed_at: "2022-06-21T23:59:59+00:00"
generated_at: "2026-06-25T00:18:53.059228+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# CarParts.com enters $75M asset-based credit facility with JPMorgan, expandable to $150M

## Summary
- New five-year ABL revolving facility with JPMorgan; $75M initial commitment subject to borrowing base availability.
- Facility includes uncommitted accordion capacity of up to $75M for total potential $150M; currently undrawn.
- Interest rate ranges from 1.50% to 2.00% per annum based on fixed charge coverage ratio; matures June 17, 2027.
- Replaces prior credit facility; provides non-dilutive capital for strategic growth (per CFO Ryan Lockwood).
- Q1 2022 revenue $166M, up 80% on two-year stack; ninth consecutive quarter of YoY sales growth.

## SEC filing metadata
- accession: 0001140361-22-023561
- form_type: 8-K
- ticker: PRTS
- cik: 0001378950
- company_name: CarParts.com, Inc.
- filed_at: 2022-06-21T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1378950/000114036122023561/0001140361-22-023561-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1378950/000114036122023561/brhc10038928_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-22-023561
- JSON: https://secwatch.observer/filing/0001140361-22-023561.json
- Plain text: https://secwatch.observer/filing/0001140361-22-023561.txt

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