Monro Secures Credit Facility from Citizens Bank
Rochester, N.Y.-based Monro Muffler Brake Inc. has gained a new $600 million senior secured credit facility from Citizens Commercial Banking. The $600 million revolver replaces Monro’s $250 million credit facility, the company said. The new revolver will be used to refinance debt, fund acquisitions, and for general corporate purposes, Monro said. Monro has 1,031 company-operated
Monro Finishes Up for FY, Acquiring Stores
Monro Muffler Brake reported an increase of net income and sales for its 2014 fiscal year, which ended March 29. The company’s net sales increased 13.6% to $831.4 million and its total net income increased 27.9% to $54.5 million. Monro accounts its sales increase to newly acquired stores, which offset a .5% decrease in comparable
