On June 15, 2026, CarParts.com, Inc. entered into a Loan and Security Agreement with First Business Specialty Finance, LLC for an asset-based revolving credit facility of up to $25,000,000. The facility is secured by substantially all company assets and accrues interest at 1 Month Term SOFR plus 3.25% per annum, with potential reductions based on the Fixed Charge Coverage Ratio. The facility matures on March 31, 2028. In conjunction with this agreement, the company terminated its existing revolving credit facility with JPMorgan Chase Bank, which had no outstanding balance. The company operates in the e-commerce industry, selling replacement auto parts online.
