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JPMorgan Chase, Others Extend and Increase Lear’s Revolving Credit Facility to $2B

November 01, 2021, 08:00 AM
Filed Under: Automotive

Lear Corporation, a global automotive technology leader in Seating and E-Systems, entered into an agreement to refinance its existing credit facility. The amended and restated credit agreement extends the maturity of its revolving credit facility to October 2026 from August 2024 and increases the facility's size to $2.0 billion from $1.75 billion. Lear initiated these financing actions to extend the maturity of its existing agreement, increase its financial flexibility and take advantage of attractive market conditions.

Lenders under the new credit agreement include JPMorgan Chase Bank, BofA Securities, Barclays Bank PLC, Citibank, and HSBC Bank USA.

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