Ally Financial renews $15 billion of secured credit facilities

By Sara Rosenberg

New York, March 19 - Ally Financial Inc. renewed its $15 billion of secured credit facilities available to fund retail, lease and dealer floorplan automotive assets, according to a news release.

The facilities are split between a $7.5 billion loan at parent company, Ally Financial, and a $7.5 billion loan at Ally Bank.

Half of each facility is due in March 2013 and the other half due is due in March 2014.

Ally Financial is a Detroit-based automotive financial services company.

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