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Nicholas Financial Enters Into A New $175 Million Senior Secured Credit Facility

Nov 08, 2021•over 3 years ago

Amount Raised

$175 Million

Clearwater

Description

Nicholas an industry leading branch-based subprime auto lender focused on servicing the needs of the local independent announced that on November 5, 2021 the company entered into a senior secured credit facility pursuant to a loan and security agreement with Wells Fargo Bank, N.A., as agent, and the lenders that are party thereto. The prior credit facility pursuant to a credit agreement with Ares Agent Services, L.P. was paid off in connection with entering into this credit facility.dealer Financial

Company Information

Company

Nicholas Financial

Location

Clearwater, Florida, United States

About

Nicholas Financial, Inc. (NASDAQ: NICK) – an industry leading branch-based subprime auto lender focused on servicing the needs of the local independent dealer – announced that on November 5, 2021 the company entered into a senior secured credit facility pursuant to a loan and security agreement with Wells Fargo Bank, N.A., as agent, and the lenders that are party thereto. All forward-looking statements and cautionary statements included in this document are made as of the date hereof based on information available to the Company as of the date hereof, and the Company assumes no obligation to update any forward-looking statement or cautionary statement.

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