Aftermarket Technology Corp. Announces New $150 Million 5-year Senior Secured Revolving Credit Facility

DOWNERS GROVE, Ill., March 21 -- Aftermarket Technology Corp. , today announced the establishment of a new $150 million 5-year senior secured revolving credit facility. The new facility, led by Joint Lead Arrangers and Joint Lead Book Managers Banc of America Securities LLC and J.P. Morgan Securities Inc., replaces the Company's existing credit facility with more favorable terms and conditions and increases the Company's liquidity.

Terms of the facility include a $150 million revolver with the option to borrow, under certain circumstances, an additional $75 million. Initial pricing under the new facility is approximately 170 basis points lower than the Company's prior credit facility. The new facility will be used to fund working capital and capital investments, finance potential acquisitions, fund repurchases of Company common stock from time to time as market conditions allow, and for other general corporate purposes.

The Company used $57 million of borrowings under the new credit facility, coupled with available cash on hand to retire $86.0 million of term debt outstanding on its old credit facility. As a result, the Company will record a non-cash charge of approximately $0.05 per diluted share in the first quarter of 2006 to write off deferred debt issuance costs associated with the early termination of the facility that was replaced. It is expected that for the full year, the non-cash charge will be offset by cash interest savings.

"The successful syndication of this bank facility is a vote of confidence from our bank group in our operations, strategy and growth plans for our future," said Don Johnson, Chairman, President and CEO. "The new facility will give us the flexibility to pursue a wide range of options designed to improve shareholder value."

For further information, please see the Company's most recent Form 10-K filed with the Securities and Exchange Commission.

ATC is headquartered in Downers Grove, Illinois. The Company provides outsourced engineered solutions and supply chain logistics services to the light and medium/heavy-duty vehicle aftermarket and consumer electronics industries.

The preceding paragraphs contain statements that are not related to historical results and are "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include those that are predictive or express expectations that depend upon or refer to future events or conditions, or that concern future financial performance (including future revenues, earnings or growth rates), ongoing business strategies or prospects, or possible future Company actions. Forward-looking statements involve risks and uncertainties because such statements are based on current expectations, projections and assumptions regarding future events that may not prove to be accurate. Actual results may differ materially from those projected or implied in the forward-looking statements. The factors that could cause actual results to differ are discussed in the Company's Annual Report on Form 10-K for the year ended December 31, 2005 and other filings made by the Company with the Securities and Exchange Commission.