AutoCanada (TSE:ACQ) has released an update.
AutoCanada Inc. has announced amendments to its senior credit facility, easing the financial terms and thus bolstering their ability to undergo strategic restructuring. The company is working with Bain & Company to streamline operations, which includes selling non-core assets and improving profitability. These efforts are part of a year-long plan to reduce costs, optimize the portfolio, and decrease debt.
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