Press Release: Axis Announces Expansion of Senior Credit Facility to $120 Million
Press Release: Axis Announces Expansion of Senior Credit Facility to $120 Million
MISSISSAUGA, ON, Nov. 2, 2021 /CNW/ - Axis Auto Finance Inc. ("Axis" or the "Company"), (TSXV: AXIS) a fintech lender servicing the alternative auto finance market, announced today that it has expanded its senior secured credit facility, lowered its borrowing costs and increased the advance rate on the facility. Axis Announces Expansion of Senior Credit Facility to $120 Million
Axis宣布将高级信贷安排扩大到1.2亿美元
Canada NewsWire
加拿大新闻通讯社
MISSISSAUGA, ON, Nov. 2, 2021
密西索加，安大略省，2021年11月2日
MISSISSAUGA, ON, Nov. 2, 2021 /CNW/ - Axis Auto Finance Inc. ("Axis" or the "Company"), (TSXV: AXIS) a fintech lender servicing the alternative auto finance market, announced today that it has expanded its senior secured credit facility, lowered its borrowing costs and increased the advance rate on the facility.
密西索加，2021年11月2日/cnw/-安盛汽车金融公司(以下简称安盛汽车金融公司)，一家服务于另类汽车金融市场的金融科技贷款机构，(多伦多证券交易所股票代码：AXIS)今天宣布，它已经扩大了其优先担保信贷安排，降低了借款成本，并提高了该安排的预付率。
Highlights:
重点：
-- Expansion of the committed funding capacity to $120 million
-- Lowering of the borrowing costs to prime rate +190 bps
-- Increase of the maximum advance rate to 77%
-- Extension through October 31, 2022
-将承诺的筹资能力扩大到1.2亿美元-将借款成本降至最优惠利率+190个基点--将最高预付率提高到77%-延长至2022年10月31日
Axis' senior secured credit facility has been expanded to a maximum committed funding amount of $120 million (from $100 million previously) and extended through October 31, 2022. The annual interest rate on the senior debt facility decreased to Prime Rate plus 1.90%, down from Prime Rate plus 2.25%, coupled with the addition of an annual renewal fee of 0.15%. The maximum advance rate on the facility has been increased from 76% to 77%.
Axis的高级担保信贷安排已扩大到最高承诺资金金额1.2亿美元(之前为1亿美元)，并延长至2022年10月31日。优先债务融资的年利率从最优惠利率加2.25%降至最优惠利率加1.90%，再加上每年0.15%的续期费。该设施的最高预付率已从76%提高到77%。
About Axis Auto Finance
关于Axis汽车金融
Axis Auto Finance is a fintech lender providing alternative used vehicle financing options to roughly 30% of Canadians (Source: Equifax) that have credit scores in the non-prime range. All Axis auto loans report to the credit bureau, resulting in over 70% of customers seeing a significant improvement of their credit scores. These clients use Axis as a stepping-stone in their credit rebuilding journey and we are proud to be improving the lives of these Canadians. Supported by state-of-the-art, in-house developed risk analytics, Axis continues to be Canada's fastest-growing publicly traded auto-financing company. Further information on the Company can be found at https://www.axisfinancegroup.com/investors-press-releases/.
轴心汽车金融是金融科技的一家贷款机构，为大约30%信用评分在非优质范围内的加拿大人(来源：Equifax)提供替代二手车融资选择。所有Axis汽车贷款都向信用局报告，导致超过70%的客户看到他们的信用评分有了显著改善。这些客户将Axis作为他们重建信用之旅的垫脚石，我们为能改善这些加拿大人的生活而感到自豪。在最先进的内部开发风险分析的支持下，Axis继续成为加拿大增长最快的上市汽车融资公司。欲了解有关该公司的更多信息，请登录网站：https://www.axisfinancegroup.com/investors-press-releases/.。
The TSX Venture Exchange has neither approved nor disapproved the contents of this press release. Neither the Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.
多伦多证券交易所创业板既没有批准也没有反对本新闻稿的内容。交易所及其监管服务提供商(该术语在交易所的政策中定义)均不对本新闻稿的充分性或准确性承担责任。
SOURCE Axis Auto Finance Inc.
来源轴心汽车金融公司(Source Axis Auto Finance Inc.)
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/CONTACT:
/联系方式：
Axis Auto Finance Inc., Todd Hudson, CEO, (416) 633-5626, ir@axisautofinance.com
Axis汽车金融公司首席执行官托德·哈德森(Todd Hudson)电话：(416)633-5626电子邮件：ir@axisautofinance.com
/Web site: http://www.axisautofinance.ca/
网址：http://www.axisautofinance.ca/
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