SOUTHFIELD, Mich., Nov. 14, 2014 /PRNewswire/ -- Lear Corporation (NYSE: LEA ), a leading global supplier of automotive seating and electrical distribution systems, announced today that it has amended and restated its existing credit agreement to increase aggregate commitments under its revolving credit facility to $1.25 billion and to establish a $500 million delayed draw term loan facility. Lear initiated these financing actions to increase its financial flexibility and take advantage of attractive market conditions in anticipation of the closing of its previously announced acquisition of Eagle Ottawa. The Eagle Ottawa acquisition is expected to close in the first quarter of 2015 subject to customary conditions, including regulatory approvals. The maturity of the revolving credit facility has been extended to November 14, 2019, and the term loan will mature five years from the initial funding date thereof.