April 26, 2017 / 1:59 PM / 8 months ago

Shares of Canada's Home Capital plunge after reaching credit line deal

TORONTO, April 26 (Reuters) - Shares in Home Capital Group , Canada’s biggest non-bank lender, plunged in early trade on Wednesday after the alternative lender said it was close to securing a C$2 billion ($1.5 billion) credit line.

Home Capital, which is facing a securities regulator probe, fell 44.4 percent to C$9.46 after announcing the credit line agreement. ($1 = 1.3584 Canadian dollars) (Reporting by Alastair Sharp; Editing by Chizu Nomiyama)

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