"Earlier this year, the company announced its intention to acquire an increased number of dealerships over the next two years. Recognizing the increased need for inventory financing associated with a higher rate of growth, Scotiabank, as lead syndicate partner and agent, approved a $200 million increase to the floorplan facility to a total of $550 million in availability. We are extremely pleased to be partnered with Scotiabank and CIBC and would like to give recognition to these two financial institutions for their continued support of our growth strategy and the inherent confidence they have in the future of AutoCanada," Priestner said.