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RIFCO Renews $30M Auto ABS Facility

RIFCO Inc. said Wednesday that it completed its third renewal of its auto securitization facility with Bank West.

The facility was established in September 2009 and has a $30 million revolving facility limit with a Dec 31, 2013 expiry date. The facility is currently 92% utilized.

RIFCO Inc. operates through its wholly owned subsidiary RIFCO National Auto Finance Corporation and provides automobile loans through its dealership network across Canada.

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