Lithia Motors Inc. (NYSE:LAD) announced completion of five-year revolving syndicated credit facility of $650 million with ten institutions. The company expanded the credit facility more than three times to $650 million due in 2017 from $200 million, when it was initiated on September 30, 2011. It can be extended upto $800 million.
The institutions include four auto manufacturing related finance companies and six commercial banks. The manufacturing-related companies include Mercedes-Benz Financial … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards