Chicago-based replacement auto parts provider LKQ Corp. amended and restated its credit facility, increasing the total availability by $500 million. We are affirming our 'BB+' corporate credit rating on LKQ. We are also affirming our 'BB+' issue rating on LKQ's amended and extended $1.85 billion senior secured revolving credit facility and $450 million term loan A, and our 'BB-' debt issue rating on the company's $600 million 4.75% senior unsecured notes due 2023. The recovery ratings remain unchanged. The stable outlook reflects our view that LKQ's resilient business model and good historical financial performance will support organic EBITDA expansion and free cash generation. On April 18, 2014, Standard&Poor's Ratings Services affirmed its 'BB+' corporate credit rating on Chicago-based
