AutoCanada closes C$35M credit facility (TSX:ACQ:CA)

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  • AutoCanada (TSX:ACQ:CA) closed a second amendment to its credit facility with The Bank of Nova Scotia and other lenders.
  • Key terms include lender approval to amend the definition of EBITDA to include add-backs of up to C$35M for specific one-time expenses, including $20M provisioned for Federal Trade Commission settlement expenses.

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