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宣佈將高級信貸安排擴大到1.2億美元
Canada NewsWire
加拿大新聞通訊社
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/-安盛汽車金融公司(以下簡稱安盛汽車金融公司)，一家服務於另類汽車金融市場的金融科技貸款機構，(多倫多證券交易所股票代碼：AXIS)今天宣佈，它已經擴大了其優先擔保信貸安排，降低了借款成本，並提高了該安排的預付率。
Highlights:
重點：
-- 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
-將承諾的籌資能力擴大到1.2億美元-將借款成本降至最優惠利率+190個基點--將最高預付率提高到77%-延長至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的高級擔保信貸安排已擴大到最高承諾資金金額1.2億美元(之前為1億美元)，並延長至2022年10月31日。優先債務融資的年利率從最優惠利率加2.25%降至最優惠利率加1.90%，再加上每年0.15%的續期費。該設施的最高預付率已從76%提高到77%。
About Axis Auto Finance
關於Axis汽車金融
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/.
軸心汽車金融是金融科技的一家貸款機構，為大約30%信用評分在非優質範圍內的加拿大人(來源：Equifax)提供替代二手車融資選擇。所有Axis汽車貸款都向信用局報告，導致超過70%的客户看到他們的信用評分有了顯著改善。這些客户將Axis作為他們重建信用之旅的墊腳石，我們為能改善這些加拿大人的生活而感到自豪。在最先進的內部開發風險分析的支持下，Axis繼續成為加拿大增長最快的上市汽車融資公司。欲瞭解有關該公司的更多信息，請登錄網站：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.
多倫多證券交易所創業板既沒有批准也沒有反對本新聞稿的內容。交易所及其監管服務提供商(該術語在交易所的政策中定義)均不對本新聞稿的充分性或準確性承擔責任。
SOURCE Axis Auto Finance Inc.
來源軸心汽車金融公司(Source Axis Auto Finance Inc.)
View original content to download multimedia: http://www.newswire.ca/en/releases/archive/November2021/02/c2316.html
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/CONTACT:
/聯繫方式：
Axis Auto Finance Inc., Todd Hudson, CEO, (416) 633-5626, ir@axisautofinance.com
Axis汽車金融公司首席執行官託德·哈德森(Todd Hudson)電話：(416)633-5626電子郵件：ir@axisautofinance.com
/Web site: http://www.axisautofinance.ca/
網址：http://www.axisautofinance.ca/
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