CarMax Auto Superstores Inc. enters into a $200 million credit agreement with DaimlerChrysler Services North America LLC and Toyota Financial Services. The line of credit, secured by vehicle inventory, is renewable after a 2-year period and includes $100 million revolving loan and $100 million term loan commitments. DC Services is an agent for the agreement. CarMax, owned by retailer Circuit City Stores Inc., will be spun off from its parent by the end of the summer, pending government ...
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