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home / news releases / CACC - Credit Acceptance extends maturity of revolving secured line of credit facility

CACC - Credit Acceptance extends maturity of revolving secured line of credit facility

Credit Acceptance Corporation

2023-06-22 16:11:37 ET

  • Credit Acceptance ( NASDAQ: CACC ) said on Thursday that the consumer finance company has extended the maturity of its revolving secured line of credit facility with a commercial bank syndicate.
  • The maturity date has been extended to June 22, 2026, from June 22, 2025.
  • Additionally, the amendment also increases the amount of the facility by $5.0M. As a result, the amount of the facility set to decrease by $25.0M on June 22, 2023, will now only see a net decrease of $20.0M.
  • The company said no other material changes were made to the terms of the facility.
  • Source: Press Release

For further details see:

Credit Acceptance extends maturity of revolving secured line of credit facility
Stock Information
Company Name: Credit Acceptance Corporation
Stock Symbol: CACC
Market: NASDAQ
Website: creditacceptance.com
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