March 20 (Reuters) - Autocanada Inc ACQ.TO :
* AUTOCANADA ANNOUNCES NEW EXPANDED CREDIT FACILITY
* ENTERED INTO CREDIT AGREEMENT PROVIDING SECURED CREDIT FACILITIES UP TO $1.08 BILLION
* NEW FACILITY REPLACES CO'S EXISTING $550 MILLION SYNDICATED FLOORPLAN FACILITY & $250 MILLION SYNDICATED REVOLVING CREDIT AGREEMENT
* KEY FINANCIAL COVENANTS ASSOCIATED WITH NEW FACILITY ARE SIMILAR TO EXISTING FACILITIES THAT ARE BEING REPLACED