CarParts.com, Inc. announced it has entered into an amended and restated facility in place of their prior credit facility. This agreement provides for a renewed five-year asset-based revolving credit facility ("ABL") with JPMorgan Chase Bank, N.A. as administrative agent, sole lead arranger and as a lender. The credit facility includes an increased aggregate lender commitment of up to $75 million, subject to borrowing base availability based on specified advance rates, eligibility criteria and customary reserves.

Further, it allows for an uncommitted ability to increase the ABL by an additional $75 million for a total potential capacity of $150 million, subject to certain terms and conditions. The credit facility is currently undrawn.