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Stocks in play: AutoCanada Inc.

Baystreet.ca - Baystreet - Tue Jul 2, 8:56AM CDT

Announced today that its lenders under the Company's syndicated credit facility have agreed to increase to the Company's maximum permitted Total Net Funded Debt to EBITDA ratio from 4.00:1.00 to 4.50:1.00 for the period from June 28 to September 29. After September 29, the Company's maximum permitted Total Net Funded Debt to EBITDA Ratio will revert to 4.00:1.00. AutoCanada Inc. shares T.ACQ are trading down $0.20 at $19.03.

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