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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