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Standard Motor Products Announces Three Year Credit Facility

3 December 1998

Standard Motor Products, Inc. Announces New Three Year Committed Credit Facility

    NEW YORK, Dec. 2 -- Standard Motor Products, Inc.
automotive replacement parts manufacturer and distributor announced today that
it has entered into an agreement for a new three year $100 million unsecured
committed revolving bank credit facility.  This new facility, which replaces a
short-term bank revolving credit agreement that was entered into in March of
this year, will also reduce the Company's cost of funds.
    With Chase Securities, Inc. as Lead Arranger, the Chase Manhattan Bank as
Administrative Agent and Canadian Imperial Bank of Commerce, Commercial
Banking as Documentation Agent, the facility brings to Standard a strong seven
member banking group to support the Company's goals.