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Neo Financial closes $185M credit facility led by ATB Financial

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Neo Financial closed a $185 million syndicated warehouse credit facility led by ATB Financial, an Alberta Crown corporation, with participation from Canadian credit unions including Vancity, Beem Credit Union, Alterna Savings and Innovation Federal Credit Union. Neo says the facility will fund growth of its credit card program. Neo president Adamson said the arrangement allows the amount to increase from $185 million to as much as $250 million.

AI-generated from reports · 1 hours agoUpdate

Latest updatesOct 23 04:22
Neo Financial secures $185M credit facility from ATB Financial and credit unions

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Oct 23
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    Neo Financial secures $185M credit facility from ATB Financial and credit unions

    Neo Financial closed a $185 million syndicated warehouse facility led by ATB Financial.

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