AutoCanada Inc. (TSE:ACQ) has released an update.
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AutoCanada Inc., a prominent North American car dealership group, has recently expanded and extended its credit facility, now totaling $1.635 billion with a maturity date of April 22, 2027. This strategic financial move includes a new $25 million CapEx facility aimed at funding future capital expenditures and improves conditions for used vehicle financing. The company, which operates 84 dealerships across Canada and Illinois, showcased a strong performance with over $6 billion in revenue and more than 100,000 retail vehicles sold in 2023.
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