March 20, 2018 / 10:42 PM / 7 months ago

BRIEF-Autocanada Enters Credit Agreement Providing Credit Facilities of Up To $1.08 Bln

March 20 (Reuters) - Autocanada Inc:

* AUTOCANADA ANNOUNCES NEW EXPANDED CREDIT FACILITY

* ‍ENTERED INTO CREDIT AGREEMENT PROVIDING SECURED CREDIT FACILITIES UP TO $1.08 BILLION

* NEW FACILITY REPLACES CO’S EXISTING $550 MILLION SYNDICATED FLOORPLAN FACILITY & $250 MILLION SYNDICATED REVOLVING CREDIT AGREEMENT​

* ‍KEY FINANCIAL COVENANTS ASSOCIATED WITH NEW FACILITY ARE SIMILAR TO EXISTING FACILITIES THAT ARE BEING REPLACED​ Source text for Eikon: Further company coverage:

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