Credit Acceptance Announces Increase and Extension of 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
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Source: GlobeNewswire
Southfield, Michigan, June 21, 2024 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) announced today that we have increased the amount of the asset-backed non-recourse secured financing that we entered into on December 15, 2022 (the “Financing”) and to which we refer as Term ABS 2022-2 from $200.0 million to $300.0 million. Under the amendment effecting the increase and extension, the date on which the Financing will cease to revolve has been extended from December 15, 2025 to June 15, 2027. There were no other material changes to the terms of the Financing. Description of Credit Acceptance Corporation We make vehicle ownership possible by providing innovative financing solutions that enable automobile dealers to sell vehicles to consumers regardless of their credit history. Our financing programs are offered through a nationwide network of automobile dealers who benefit from sales of vehicl
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News
- Credit Acceptance Named a Most Loved Workplace® in 2024 in Several Categories [Yahoo! Finance]Yahoo! Finance
- Credit Acceptance Named a Most Loved Workplace® in 2024 in Several CategoriesGlobeNewswire
- Credit Acceptance Announces Increase and Extension of Asset-Backed Financing [Yahoo! Finance]Yahoo! Finance
- Credit Acceptance Named One of U.S. News' Best Companies to Work For, Earning Top Honors in Financial Services and Midwest Region [Yahoo! Finance]Yahoo! Finance
- Credit Acceptance Named One of U.S. News’ Best Companies to Work For, Earning Top Honors in Financial Services and Midwest RegionGlobeNewswire
CACC
Earnings
- 4/30/24 - In-Line
CACC
Sec Filings
- 6/26/24 - Form 8-K
- 6/20/24 - Form 8-K
- 6/14/24 - Form 11-K
- CACC's page on the SEC website