Credit Acceptance Announces Completion of $600.0 Million Asset-Backed Financing
Credit Acceptance Corporation (CACC)
Last credit acceptance corporation earnings: 1/30 04:02 pm
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US:NASDAQ Investor Relations:
ir.creditacceptance.com/investor-relations
Company Research
Source: GlobeNewswire
Southfield, Michigan, Sept. 26, 2024 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) announced today the completion of a $600.0 million asset-backed non-recourse secured financing (the “Financing”). Pursuant to this transaction, we conveyed loans having a value of approximately $750.2 million to a wholly owned special purpose entity which will transfer the loans to a trust, which will issue three classes of notes: Note Class Amount Average Life Price Interest Rate A $316,464,000 2.45 years 99.98629% 4.68% B $121,668,000 3.08 years 99.97303% 4.85% C $161,868,000 3.53 years
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CACC
News
- Credit Acceptance Co. (NASDAQ: CACC) is now covered by analysts at Stephens. They set an "equal weight" rating and a $452.00 price target on the stock.MarketBeat
- Credit Acceptance Co. (NASDAQ: CACC) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- Is Credit Acceptance (CACC) Trading at an Attractive Upside-To-Downside Ratio? [Yahoo! Finance]Yahoo! Finance
- Credit Acceptance Co. (NASDAQ: CACC) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Credit Acceptance Co. (NASDAQ: CACC) had its price target lowered by analysts at TD Cowen from $400.00 to $380.00. They now have a "sell" rating on the stock.MarketBeat
CACC
Earnings
- 10/30/24 - Miss
CACC
Sec Filings
- 11/4/24 - Form 4
- 10/30/24 - Form 10-Q
- 10/30/24 - Form 8-K
- CACC's page on the SEC website