Tag : Credit Acceptance

Credit Acceptance Announces Extension of Revolving Secured Warehouse Facility
Finance News

Credit Acceptance Announces Extension of Revolving Secured Warehouse Facility

GlobeNewswire
by GlobeNewswire0
Credit Acceptance Corporation announced that we extended the date on which our $75.0 million revolving secured warehouse facility will cease to revolve from September 30, 2024 to September 30, 2026. There were no other material changes to the terms of the facility. Read More About Fintech Interview: Global Fintech Interview with......
Credit Acceptance Announces Completion of $250.1 Million Asset-Backed Financing
Banking News

Credit Acceptance Announces Completion of $250.1 Million Asset-Backed Financing

Fintech News Desk
by Fintech News Desk0
Credit Acceptance Corporation announced the completion of a $250.1 million asset-backed non-recourse secured financing (the “Financing”).  Pursuant to this transaction, we contributed loans having a value of approximately $312.6 million to a wholly-owned special purpose entity which will transfer the loans to a trust, which will issue three classes of......
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