AutoCanada Inc. announced that it has amended and extended its existing credit facility to April 15, 2026. The amended credit facility increases the revolving facility from $275 million to $375 million. In December 2022, the company had exercised a $50 million accordion to increase the revolver from $225 million to $275 million.

The amended facility also increases the wholesale floorplan financing facility from $1,060 million to $1,220 million and includes a $15 million wholesale leasing facility, for total aggregate bank facilities of $1.6 billion.