ENGLEWOOD CLIFFS, NJ – Asta Funding, Inc., (Nasdaq: ASFI), a leading consumer receivable asset management and liquidation company, today announced that it had arranged a new, expanded credit facility through a consortium of leading financial institutions.
The new credit facility provides for borrowings of up to $60 million, on a revolving basis, for a period of two years. This marks a significant increase in funds availability as compared to the Company’s previous $35 million facility.
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