Flexiti Financial ups revolver to C$535 million, extends maturity

By Marisa Wong

Los Angeles, Oct. 4 – Flexiti Financial Inc. announced it upsized its revolving warehouse credit facility to C$535 million from C$500 million and extended its maturity.

Credit Suisse is administrative agent on the facility, with financing also provided by an affiliate of Bank of Montreal and funds managed by Atalaya Capital Management.

Combined with its preexisting C$527 million securitization facility, the company has access to over C$1 billion in capital to fund its consumer receivables portfolio and help meet the demand for loans from Canadian consumers, according to a press release.

Flexiti is a point-of-sale consumer financing company based in Toronto.

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