Cars.com Amends Credit Facility Featured

By Staff Writer October 08, 2019

Cars.com Inc. announced the completion of an amendment to its existing credit facility, which resets the total net leverage covenant during the remaining term of the credit agreement while preserving the favorable pricing structure from the original agreement.

“We continue to generate significant cash flow, which gives us the ability to reduce debt or invest for growth as appropriate,” said Becky Sheehan, chief financial officer of Cars.com. “This amendment provides flexibility to respond to marketplace changes if and when they arise and demonstrates the continuation of our strong financial position.”

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Last modified on Sunday, 13 October 2019 18:41

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