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[Auto parts supplier Autokiniton has shelved its plan to modify and extend a $1 billion loan] November 7, according to a person familiar with the matter, Autokiniton US Holdings Inc. has shelved its attempt to modify and extend a leveraged loan agreement of approximately $1.05 billion. The auto parts supplier had previously optimized terms, shortening the proposed loan extension by one year to 2030, raising the discount on the loan to 97.5 cents per dollar of face value and setting the interest rate at the base rate plus 4.75 percentage points, at the high end of the originally discussed range.
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