CLEARWATER, Fla., April 04, 2018 (GLOBE NEWSWIRE) -- Nicholas Financial, Inc. (NASDAQ:NICK) today announced that on March 30, 2018, the Company executed an Amendment to its existing credit facility which, among other changes, extends the maturity date to March 31, 2019 and adjusts the availability of funds thereunder. The bank group consortium continues to be led by Bank of America with Wells Fargo Preferred Capital, 1st Tennessee Bank and BMO/Harris Bank as participating banks.
“We are extremely pleased that our consortium of bank lenders has agreed to extend the maturity date of our credit line. We are also very thankful for and appreciative of the support of our bank group,” said Doug Marohn, President and CEO of Nicholas Financial, Inc. “Having the credit line extended for a full year affords us access to capital to execute and grow our business as we continue to focus on improving our operations and performance.”
About Nicholas Financial
Nicholas Financial, Inc. is one of the largest publicly-traded specialty consumer finance companies in North America. The Company operates branch locations in both Southeastern and Midwestern U.S. states. For an index of Nicholas Financial, Inc.’s news releases or to obtain a specific release, visit our web site at www.nicholasfinancial.com.
