Bank extends Lithia credit

U.S. Bank has extended and expanded its line of credit to Medford-based Lithia Motors and dropped the interest rate.

The maturity date was extended from Oct. 28 to June 30, 2013. The size of the credit line grew to $75 million from $50 million, while the interest rate dropped a half-percent based on the London Interbank Offered Rate plus 2.75 percent.

— Greg Stiles

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