Asta Funding ( ASFI) used the accordion feature on its credit facility to boost the line to $125 million from $100 million.

"We are pleased with the confidence our lenders have exhibited by increasing our credit facility from $60 million less than a year ago," said CEO Gary Stern. "The increases, combined with our internal cash flow, have allowed us to purchase significant portfolios, including approximately $2.1 billion in face value in our first quarter and approximately $5.5 billion of face value over the past 15 months."

The Englewood Cliffs, N.J., consumer receivables company said the credit facility is underwritten by a consortium of banks.

On Monday, shares of Asta rose 24 cents to $29.60.

More from Stocks

Markets Look Confused After Latest Beating

Markets Look Confused After Latest Beating

General Electric Expulsion From Dow Symbolizes Unsettled Week in Markets

General Electric Expulsion From Dow Symbolizes Unsettled Week in Markets

How Small-Cap Stocks Can Protect Your Portfolio From a Trade War

How Small-Cap Stocks Can Protect Your Portfolio From a Trade War

Week Ahead: Trade Fears and Stress Tests Signal More Volatility To Come

Week Ahead: Trade Fears and Stress Tests Signal More Volatility To Come

3 Great Stock Market Sectors Millennials Should Invest In

3 Great Stock Market Sectors Millennials Should Invest In