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Myers Industries Enters Into New Credit Facility

Akron, OH-based Myers Industries, parent company to Myers Tire Supply, has entered into a five-year, $200-million senior secured revolving credit facility, replacing its previous senior credit facility, which was scheduled to expire in 2015.

“This credit facility provides the company long-term financing at attractive pricing and flexibility through 2018. Together with our recent $100-million private placement of notes, the company has capacity to fund its strategic initiatives,” said Senior Vice President and CFO Greggory Branning.

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