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Stock impact report

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 Check Earnings Report
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 Show less Read more
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