LKQ extends key credit facilities, strengthens liquidity profile
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LKQ Corporation has amended its main revolving credit facility and a related term loan, extending the revolving credit maturity to December 17, 2030, and the CAD-denominated term loan to March 17, 2029. These changes enhance LKQ's liquidity profile by lengthening debt maturities. The company also made non-material amendments to align credit agreements with a UK joint venture. Analysts rate LKQ stock as a Buy with a $39.00 target, though technical analysis shows bearish momentum. LKQ is a diversified automotive parts company with a market cap of $7.66B.
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