Credit Acceptance Announces Completion of $500.0 Million 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
Company Research
Source: GlobeNewswire
Southfield, Michigan, March 28, 2024 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) announced today the completion of a $500.0 million asset-backed non-recourse secured financing (the “Financing”). Pursuant to this transaction, we conveyed loans having a value of approximately $625.2 million to a wholly-owned special purpose entity which will transfer the loans to a trust, which will issue three classes of notes: Note Class Amount Average Life Price Interest Rate A $ 298,175,000 2.35 years 99.98022% 5.68% B $ 64,412,000 2.82 years 99.99341% 6.03% C $ 137,413,000
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CACC
News
- Credit Acceptance Announces Timing of First Quarter 2024 Earnings Release and WebcastGlobeNewswire
- Credit Acceptance Celebrates 10th Year on Fortune's 100 Best Companies to Work For® List [Yahoo! Finance]Yahoo! Finance
- Credit Acceptance Celebrates 10th Year on Fortune's 100 Best Companies to Work For® ListGlobeNewswire
- Credit Acceptance Announces Completion of $500.0 Million Asset-Backed Financing [Yahoo! Finance]Yahoo! Finance
- Credit Acceptance Named 2024 Top Workplaces USA Award Winner [Yahoo! Finance]Yahoo! Finance
CACC
Earnings
- 1/31/24 - Beat
CACC
Sec Filings
- 4/25/24 - Form ARS
- 4/25/24 - Form DEFA14A
- 4/25/24 - Form DEF
- CACC's page on the SEC website