SOURCE: Core-Mark Holding Company, Inc.

Core-Mark Holding Company, Inc.

January 12, 2016 08:30 ET

Core-Mark Announces an Amendment to Increase the Size of Its Credit Facility

SOUTH SAN FRANCISCO, CA--(Marketwired - Jan 12, 2016) - Core-Mark Holding Company, Inc. (NASDAQ: CORE), one of the largest marketers of fresh and broad-line supply solutions to the convenience retail industry in North America, announced today that it has entered into a seventh amendment to its credit facility, which matures in May 2020. The amendment increases the size of its credit facility from $200 million to $300 million. The amendment also includes an expansion feature to give Core-Mark the option to further increase the size of the credit facility by an additional $100 million to a total of $400 million if exercised.

"We are pleased to have expanded our credit facility with this syndicate group, as this will give us the necessary credit to support the expected acceleration in our growth," said Stacy Loretz-Congdon, Chief Financial Officer for Core-Mark Holding Company. 

Forward-Looking Statements
Statements in this press release that are not statements of historical fact are forward-looking statements made pursuant to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements include statements regarding our future expectations, describe future plans and strategies, contain projections of results of operations or of financial condition or state other forward-looking information. Forward-looking statements in some cases can be identified by the use of words such as "may," "will," "should," "potential," "intend," "expect," "seek," "anticipate," "estimate," "believe," "could," "would," "project," "predict," "continue," "plan," "propose" or other similar words or expressions. Forward-looking statements are made only as of the date of this press release and are based on our current intent, beliefs, plans and expectations. They involve risks and uncertainties that could cause actual future results, performance or developments to differ materially from those described in or implied by such forward-looking statements. 

Refer to the "Risk Factors" section of our Annual Report on Form 10-K for the year ended December 31, 2014 filed with the SEC on March 2, 2015 and Part II, Item 1A, "Risk Factors" of any quarterly report on Form 10-Q subsequently filed by us for a more comprehensive discussion of our risk factors. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Core-Mark
Core-Mark is one of the largest marketers of fresh and broad-line supply solutions to the convenience retail industry in North America. Founded in 1888, Core-Mark offers a full range of products, marketing programs and technology solutions to approximately 37,500 customer locations in the U.S. and Canada through 29 distribution centers (excluding two distribution facilities the Company operates as a third party logistics provider). Core-Mark services traditional convenience retailers, grocers, drug, liquor and specialty stores, and other stores that carry convenience products. For more information, please visit www.core-mark.com.