Dealnet Capital Corp. announced that it has fully redeemed its outstanding $16 million 9% secured debentures in cash. The secured debentures were used by the company during 2017 to warehouse and season new finance receivables prior to being eligible for securitization with the company's securitization lenders. Following the repayment of the above noted debenture and with the addition of the new $15 million revolving warehouse facility, the company now has current warehouse capacity of approximately $42 million with a weighted average interest rate below 6% based on current market rates. In addition to a lower cost of funds and expanded flexibility, the new $15 million warehouse capacity is revolving in nature with no stand-by fee which allows the company to draw down against the facility when needed and to repay funds upon a securitization transaction. This further reduces the company's effective warehousing costs. With the repayment of this 9% debenture and the activation of its new warehouse facility, the company has aligned the cost and capacity of its funding structure to support its 2018 business plans.