ACE amends loan, upping size by $40 million for short-term needs

By Sara Rosenberg

New York, Jan. 24 - ACE Cash Express Inc. amended its credit facility, increasing its seasonal revolving credit facility by $40 million for 31 days to $100 million, according to an 8-K filed with the Securities and Exchange Commission Tuesday.

The company sought the increase in order to service customer transactions during the peak tax season period.

The amendment was completed on Jan. 19.

Wells Fargo Bank is the administrative agent on the deal.

ACE Cash Express is an Irving, Texas, retailer of financial services.

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