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Axis Auto Announces A New $40 Million Credit Facility

TORONTO, ONTARIO — (Marketwired) — 03/27/17 — Axis Auto Finance Inc. ("Axis" or the "Company") (TSX VENTURE:AXIS ), is pleased to announce the closing of a new $40 million senior secured debt facility ("Credit Facility") with Royal Capital Management Corp. ("RoyCap").The Credit Facility has a 2 year term and bears interest at prime rate plus 7.5%. Amounts drawn under the Credit Facility will be used to refinance the Company–s existing debt and to ori