Axis Auto Finance Inc. announced that it has expanded its senior secured credit facility and lowered its borrowing costs. Axis' senior secured credit facility has been expanded to a maximum committed funding amount of $100 million (from $80 million previously) and extended through October 31, 2021. The facility currently bears interest at 4.95% (prime rate + 250bps) and has a stand-by fee on the unused portion of the maximum committed amount of 25 bps per annum. The maximum advance rate on the facility has been increased from 75% to 76%.