Automotive Finco Corp. Announces Receipt of Current Quarter Interest Payment on $21 Million Loan
July 29 2024 - 4:24PM
Automotive Finco Corp. (NEX: AFCC-H) (the “Company”) announces that
AA Finance Co LP (the “Borrower”) has paid the current quarter
interest payment in the amount of $752,253 on the $21 million loan
made between Automotive Finance Limited Partnership and the
Borrower in November 2022. The loan matures in November 2024.
About Automotive Finco
Corp.
Automotive Finco Corp. is a finance company
focused exclusively on the auto retail sector. In addition to its
interest in Automotive Finance Limited Partnership, the Company may
also pursue other direct investments and financing opportunities
across the auto retail sector.
Neither TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
For further information please refer to the
Company's website at www.autofincocorp.com or contact Shannon
Penney, Chief Financial Officer, at shannon.penney@rogers.com or
(905) 619-4996.