CSK Auto launches $325 million loan

By Sara Rosenberg

New York, May 21 - CSK Auto Corp. launched a $325 million credit facility on Wednesday, according to a syndicate source. JPMorgan is the lead bank on the deal.

The facility consists of a $100 million revolver and a $225 million term loan B. Both tranches are currently being talked at Libor plus 300 basis points, the source said.

Proceeds will be used to refinance the company's existing asset-based loan.

CSK is a Phoenix specialty retailer of automotive parts and accessories.

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