LKQ has reached a definitive credit agreement with several lenders to borrow up to $1 billion. The new loan will replace the replacement car part maker’s $750 million facility, which was due to expired in October 2013.

The new facility includes a $750 million revolving credit facility with a $300 million multicurrency sublimit and a $250 million term loan facility. JP Morgan Securities, Merrill Lynch, Pierce, Fenner & Smith, RBS Citizens and Wells Fargo Securities acted as joint bookrunners and joint lead arrangers.

Click here for the release from Globe Newswire.