Brief: Online Automotive Retailer Vroom Announces Amendment Of Floorplan Commitment From Ally Financial
20/12/2021 21:41
Dec 20 (Reuters) - Vroom Inc VRM.O :
* ONLINE AUTOMOTIVE RETAILER VROOM ANNOUNCES AMENDMENT OF
FLOORPLAN COMMITMENT FROM ALLY FINANCIAL
* VROOM INC - AMENDMENT INCREASES LINE OF CREDIT TO $700
MILLION
* VROOM - AMENDMENT TO ITS INVENTORY FINANCING AGREEMENT
WITH ALLY
FINANCIAL INC TO INCREASE LINE OF CREDIT TO $700 MILLION, UP
FROM $450 MILLION PREVIOUSLY
Source text for Eikon: ID:nBw4bmbjma
Further company coverage: VRM.O
((Reuters.Briefs@thomsonreuters.com;))
Recent news on Vroom
See all newsBrief: Vroom Completes Recapitalization
Brief: Vroom Inc Commences Voluntary Chapter 11 Proceeding
Brief: Vroom Released Long-Term Strategic Plan
Brief: Vroom's Unit Enters Into A Series Of Agreements
Brief: Vroom Expects Will Incur Approx $31.5 Mln In One-Time Expenses In Connection With Value Maximization Plan