CarMax says has new credit facility

Newswire

DETROIT, Aug 26 (Reuters) - Used car retailer CarMax said on Friday it has closed a new revolving credit line providing for borrowings of up to $450 million. The credit line has a four-year term and is secured by the company's vehicle inventory. It replaces a $300 million term loan and revolving credit facility that was scheduled to expire in May 2006, CarMax said in a statement.

Premium Content (PAID Subscription Required)

"CarMax says has new credit facility" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!


For WardsAuto.com pricing and subscription information please contact
Lisa Williamson by email: lwilliamson@wardsauto.com or phone: (248) 799-2642
 

Current subscribers, please login or CLICK for support information.

Already registered? here.
Insights

Enewsletters

Follow Us

Sponsored Introduction Continue on to (or wait seconds) ×