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home / articles / CACC - Credit Acceptance Announces Extension of Revolving Secured Warehouse Facility | Benzinga


CACC - Credit Acceptance Announces Extension of Revolving Secured Warehouse Facility | Benzinga

  • Southfield, Michigan, Sept. 21, 2023 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the "Company", "Credit Acceptance", "we", "our", or "us") announced today that we extended the date on which our $200.0 million revolving secured warehouse facility will cease to revolve from September 1, 2024 to September 21, 2026. The interest rate on borrowings under the facility has increased from Secured Overnight Financing Rate ("SOFR") plus 201.4 basis points to SOFR plus 225 basis points. There were no other material changes to ...

    Full story available on Benzinga.com

  • Stock Information

    Company Name: Credit Acceptance Corporation
    Stock Symbol: CACC
    Market: NASDAQ
    Website: creditacceptance.com

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