Item 1.01 Entry into a Material Definitive Agreement.




On June 11, 2020, LKQ Corporation ("LKQ" or the "Company") and certain other
subsidiaries of LKQ (collectively, the "Borrowers") entered into Amendment No. 4
to the Fourth Amended and Restated Credit Agreement dated January 29, 2016 (the
"Credit Agreement") with the several lenders from time to time party thereto;
Wells Fargo Bank, National Association, as administrative agent; Bank of
America, N.A. and MUFG Bank, Ltd. ("MUFG") as syndication agents; Citizens Bank,
N.A., Truist Bank, BBVA Compass, PNC Bank, National Association; HSBC Bank USA,
National Association; TD Bank, N.A.; and Capital One, National Association, as
documentation agents; and Wells Fargo Securities, LLC, Merrill Lynch, Pierce,
Fenner & Smith Incorporated, and MUFG, as joint bookrunners and joint lead
arrangers.
Amendment No. 4 to the Credit Agreement modifies the maximum permitted net
leverage ratio through the quarter ending September 30, 2021. Net leverage ratio
is defined in the Credit Agreement as the ratio at the end of each fiscal
quarter of (a) Consolidated Net Indebtedness to (b) Consolidated EBITDA (as such
terms are defined in the Credit Agreement) for the four consecutive fiscal
quarters ending with the fiscal quarter being measured. Prior to the amendment,
the maximum permitted net leverage ratio was 4.00:1.00. After the amendment, the
maximum permitted net leverage ratio is (i) 5.00:1.00 for the quarters ending
June 30, 2020, September 30, 2020, December 31, 2020 and March 31, 2021, (ii)
4.50:1.00 for the quarter ending June 30, 2021, and (iii) 4.25:1.00 for the
quarter ending September 30, 2021. Beginning with the quarter ending December
31, 2021, the maximum permitted net leverage ratio reverts to the terms in
effect prior to the amendment. In the event that the net leverage ratio is
greater than 4.00:1.00, the Company would be restricted from repurchasing its
shares. The Company can at any time elect to cancel the modifications to the
maximum permitted net leverage ratio and revert to the terms in effect prior to
the amendment subject to compliance with the 4.00:1.00 ratio. Amendment No. 4 to
the Credit Agreement also made certain other immaterial modifications.
The LIBOR market rate spread and commitment fee by net leverage ratio under the
amendment are as follows:
 Net Leverage Ratio       Spread        Commitment Fee
    > 4.50:1.00            2.25%            0.375%
    > 4.00:1.00            2.00%            0.325%
    > 3.50:1.00            1.75%            0.275%
    > 3.00:1.00          Unchanged         Unchanged
    > 2.00:1.00          Unchanged         Unchanged
    ? 2.00:1.00          Unchanged         Unchanged


This summary does not purport to be complete and is subject to and qualified in
its entirety by reference to Amendment No. 4 to the Fourth Amended and Restated
Credit Agreement, which is filed as an exhibit to this Current Report on Form
8-K.
Item 8.01   Other Events.


On June 15, 2020, LKQ issued a press release reporting a business update with
selected preliminary financial results as of and for the two months ended May
31, 2020 and announcing the execution of Amendment No. 4 to the Fourth Amended
and Restated Credit Agreement. A copy of the press release is attached hereto as
Exhibit 99.1 and incorporated by reference herein.
Item 9.01   Financial Statements and Exhibits.


(d) Exhibits
Exhibit Number           Description of Exhibit
  4.1                    Amendment No. 4 dated as of June 11, 2020 to the

Fourth Amended and Restated


                         Credit Agreement, which is Exhibit A to the

Amendment and Restatement


                         Agreement dated as of January 29, 2016 by and

among LKQ Corporation and


                         certain additional subsidiaries of LKQ

Corporation, as borrowers, certain


                         financial institutions, as lenders, and Wells Fargo Bank, National
                         Association, as administrative agent.
  99.1                   LKQ Corporation Press Release dated June 15, 2020.
104                      Cover Page Interactive Data File (formatted as

Inline XBRL and contained in


                         Exhibit 101).

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