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Wells Fargo Provides $175MM Senior Secured Credit Facility to Nicholas Financial

Nicholas Financial, a branch-based subprime automotive lender, entered into a senior secured credit facility with Wells Fargo Bank as agent. The facility provides for a line of credit of up to $175 million.

Nicholas Financial Enters Into $175MM Senior Secured Credit Facility

Nicholas Financial announced that NF Funding I, a newly-formed, wholly-owned, special purpose financing subsidiary of the company (the “borrower”) entered into a senior secured credit facility on March 29. The company’s prior credit facility was paid off in connection with this new credit facility.

April 1, 2019 Doug Marohn | NF Funding I | Nicholas Financial ckirtley

BofA Leads Amendment to Nicholas Financial Credit Facility

Nicholas Financial amended its existing credit facility which, among other changes, extended the maturity date to March 31, 2019 and adjusted the availability of funds thereunder.

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Wells Fargo Provides $175MM Senior Secured Credit Facility to Nicholas Financial

Nicholas Financial Enters Into $175MM Senior Secured Credit Facility

BofA Leads Amendment to Nicholas Financial Credit Facility