Member News

Axis Auto Finance Signs Definitive Agreement to Acquire Trend Financial Corp. and Announces the Appointment of Todd Hudson as CEO

TORONTO, March 6, 2018 – Axis Auto Finance Inc. (TSXV:AXIS) (“Axis” or “the Company”), one of Canada’s fastest growing publicly-traded automotive finance companies, today announced that it has entered into a share purchase agreement to acquire Trend Financial Corp. (“Trend Financial”) for consideration of approximately $29.3 million (the “Transaction”). Axis plans to fund the transaction through a private placement offering (the “Offering”) of approximately $6.5 million worth of subscription receipts (the “Subscription Receipts”) and approximately $17.5 million worth of extendible convertible debentures.

For more information, see document below.