09:43 AM EST - Axis Auto Finance Inc. : Has expanded its senior secured credit facility, lowered its borrowing costs and increased the advance rate on the facility. 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 Auto Finance Inc.
shares V.AXIS are trading unchanged at $0.53.
