EDMONTON, AB, Sept. 30, 2024 /CNW/ - AutoCanada Inc. ("AutoCanada" or the "Company") (TSX: ACQ) a leader in Canadian automotive retail, today announced an amendment to its senior credit facility that offers additional covenant headroom from September 30, 2024 to September 30, 2025 ("Covenant Relief Period"). This amendment provides the Company with enhanced financial flexibility to support its strategic restructuring plan over the next 12 months, focusing on cost reduction, portfolio optimization, and deleveraging.
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