Rifco National Auto Finance, subsidiary of RIFCO, announced it received an extension of its $100 million bank line of credit from the Wells Fargo lead syndicate with ATB Corporate Financial Services.

The facility will now mature on Nov 2, 2016. The company remains within all financial covenants on the Wells Fargo facility.

The company continues to have four funding facilities representing eight lenders. The funding facilities now total $260 million with remaining funding availability of over $130 million. Management is confident that the company has the funding capacity and access to additional capital in order to execute its strategic plan.

RIFCO operates through its wholly owned subsidiary Rifco National Auto Finance to provide automobile loans through its dealership network across Canada.