Sign In
Free Newsletter
Banks Boost Asta Funding Credit Facility
The asset managerÂs credit facility has been increased to $100 Million.Asta Funding (Nasdaq: ASFI) today announced that a group of banks have agreed to increase the asset management company”s credit facility by $20 million, to $100 million. Under certain circumstances the credit line may be further increased to $125 million. Englewood-based Asta, which specializes in the purchase, management and liquidation of performing and nonperforming consumer receivables, plans to use the money to invest in businesses.
The company stock rose $1.88, or 6.53%, to $30.65 in early trading.
