Flash FinanceUS
Market closed S&P 5007,549.94+2.35% Nasdaq25,253.14+2.74% Dow 3052,389.75+2.15% Russell 20002,840.81+3.15% Nasdaq-10027,907.62+3.40% MidCap 4003,715.23+3.13% SmallCap 6001,722.37+2.89% VIX19.92-22.31% 10Y Yield4.86+0.10% Close of Nov 09, 2026
AI brief of an SEC Form 8-K · CarParts.com, Inc. (PRTS)

CarParts.com enters $25 million asset-based credit facility with First Business Specialty Finance

Neutral Impact 3 of 5 financing Written later

CarParts.com entered a $25 million asset-based revolving credit facility with First Business Specialty Finance, secured by substantially all of its assets, and terminated its existing JPMorgan Chase revolving facility, which had no amounts outstanding. The new facility matures March 31, 2028, carries interest at 1 Month Term SOFR plus 3.25%, and includes a prepayment premium and restrictive covenants that limit debt, dividends and stock repurchases.

Key points

  • Facility size up to $25 million, limited by a borrowing base tied to cash, receivables and inventory
  • Interest at 1 Month Term SOFR plus 3.25%, with reductions of 0.25% or 0.50% based on fixed charge coverage ratio
  • Matures March 31, 2028; early termination premium of $750,000 before June 15, 2027, or $500,000 on or after that date
  • JPMorgan Chase revolving credit facility terminated; no amounts were outstanding at termination

The filing

CompanyCarParts.com, Inc. (PRTS)
Form8-K, current report
Filed with the SECJun 16, 2026, 4:45 PM ET
Accession number0001140361-26-025457

Items reported: 1.01 Material Definitive Agreement1.02 Termination of Material Agreement2.03 New Direct Financial Obligation

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 10:08 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on June 16, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.