Credit Acceptance Announces Increase and Extension of Revolving Secured Warehouse Facility
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, Dec. 05, 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 Warehouse Facility V (the “Facility”), one of our revolving secured warehouse facilities, from $200.0 million to $250.0 million. We also extended the date on which the Facility will cease to revolve from December 29, 2025 to December 29, 2027. The maturity of the Facility was also extended from December 27, 2027 to December 27, 2029. The interest rate on borrowings under the Facility has decreased from the Secured Overnight Financing Rate (“SOFR”) plus 245 basis points to SOFR plus 185 basis points. There were no other material changes to the Facility. As of December 5, 2024, we did not have a balance outstanding under the Facility. Description of Credit Acceptance Corporation We make vehicle ownership possible by providing innovative financing solutions t
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News
- Credit Acceptance Announces Completion of $300.0 Million Asset-Backed FinancingGlobeNewswire
- Credit Acceptance Celebrates its 10th Year as a Best Place to Work in IT by Computerworld [Yahoo! Finance]Yahoo! Finance
- Credit Acceptance Celebrates its 10th Year as a Best Place to Work in IT by ComputerworldGlobeNewswire
- Credit Acceptance Announces Increase and Extension of Revolving Secured Warehouse Facility [Yahoo! Finance]Yahoo! Finance
- Credit Acceptance Named a 2024 Top Workplace in Michigan by the Detroit Free Press [Yahoo! Finance]Yahoo! Finance
CACC
Earnings
- 10/30/24 - Miss
CACC
Sec Filings
- 12/19/24 - Form 4
- 12/17/24 - Form 144
- 12/10/24 - Form 8-K
- CACC's page on the SEC website