TravelCenters of America announced that it has amended its existing $200 million revolving credit facility.

Prior to the amendment, TA’s credit facility had a maturity date of October 25, 2016 and interest paid on drawings was LIBOR plus 225 basis points. The maturity date of the amended credit facility is extended by more than three years to December 19, 2019, and interest paid on drawings is reduced to LIBOR plus 150 basis points, subject to adjustment based on facility availability, utilization and other matters.

In addition, the unused line fee was reduced by 25 basis points to 37.5 basis points per annum, subject to adjustment according to the average daily principal amount of unused commitments under the credit facility. The credit facility remains secured by TA’s accounts receivable, inventory and other assets (excluding real estate assets).

Wells Fargo Capital Finance serves as sole lead arranger and bookrunner on the facility and PNC Bank is the syndication agent. Other lenders include Regions Bank and UBS Loan Finance as co-documentation agents along with Citibank, Huntington National Bank and Siemens Financial Services.

TA’s travel centers operate under the “TravelCenters of America”, “TA”, “Petro Stopping Centers” and “Petro” brand names and offer diesel and gasoline fueling, restaurants, truck repair facilities, stores and other services. TA’s nationwide business includes travel centers located in 43 U.S. states and in Canada. TA also operates convenience stores with gasoline stations under the “Minit Mart” brand name, primarily in Kentucky.