Spartan Stores Increases Credit Terms

GRAND RAPIDS, Mich. -- Spartan Stores here on Thursday said it had completed an amendment to its credit facility allowing for more flexibility and greater borrowing capacity. The credit agreement amendment extends the term for an additional two years, through December 2012. Additionally, approximately $15 million of availability under a Term B loan was added and is included as part of the total $225 million credit facility, which may be drawn upon at Spartan‘s option. Including the Term B loan, Spartan has approximately $90 million available under its existing secured credit facility, the company said.