Credit Acceptance Corp

NASDAQ:CACCUnited States

Sep 19, 2024

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• Credit Acceptance Extends Credit Facilities, from 4:53PM ET on Thursday Sep 19, 2024 by MT Newswires

  4:53PM ET on Thursday Sep 19, 2024 by MT Newswires
  Companies Mentioned: CACC
  04:53 PM EDT, 09/19/2024 (MT Newswires) -- Credit Acceptance (CACC) said late Thursday it has raised the amount of Warehouse Facility II, one of its revolving secured warehouse facilities, to $500 million from $400 million. The company said it also ...

• Credit Acceptance Insider Sold Shares Worth $5,154,731, According to SEC Filing, from 4:17PM ET on Thursday Sep 19, 2024 by MT Newswires

  4:17PM ET on Thursday Sep 19, 2024 by MT Newswires
  Companies Mentioned: CACC
  04:17 PM EDT, 09/19/2024 (MT Newswires) -- Prescott General Partners Llc, 10% Owner, on September 17, 2024, sold 11,586 shares in Credit Acceptance (CACC) for $5,154,731. Following the Form 4 filing with the SEC, Prescott General Partners Llc has co...

• Credit Acceptance Announces Increase and Extension of Revolving Secured Warehouse Facility and Extension of $500.0 Million Asset-Backed Financing, from 4:02PM ET on Thursday Sep 19, 2024 by Dow Jones

  4:02PM ET on Thursday Sep 19, 2024 by Dow Jones
  Companies Mentioned: CACC
  
  Credit Acceptance Announces Increase and Extension of Revolving Secured Warehouse Facility and Extension of $500.0 Million Asset-Backed Financing
  
  Southfield, Michigan , Sept. 19, 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 II (the "Facility"), one of our revolving secured warehouse facilities, from $400.0 million to $500.0 million. We also extended the date on which the Facility will cease to revolve from April 30, 2026 to September 20, 2027. The interest rate on borrowings under the Facility has decreased from the Secured Overnight Financing Rate ("SOFR") plus 230 basis points to SOFR plus 185 basis points.
  

• Press Release: Credit Acceptance Announces Increase and Extension of Revolving Secured Warehouse Facility and Extension of $500.0 Million Asset-Backed Financing, from 4:02PM ET on Thursday Sep 19, 2024 by Dow Jones

  4:02PM ET on Thursday Sep 19, 2024 by Dow Jones
  Companies Mentioned: CACC
  
  Credit Acceptance Announces Increase and Extension of Revolving Secured Warehouse Facility and Extension of $500.0 Million Asset-Backed Financing
  
  Southfield, Michigan , Sept. 19, 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 II (the "Facility"), one of our revolving secured warehouse facilities, from $400.0 million to $500.0 million. We also extended the date on which the Facility will cease to revolve from April 30, 2026 to September 20, 2027. The interest rate on borrowings under the Facility has decreased from the Secured Overnight Financing Rate ("SOFR") plus 230 basis points to SOFR plus 185 basis points.