Credit Acceptance Announces Completion of $600.0 Million Asset-Backed Financing

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: | --- | --- | --- ...