Credit Acceptance extends warehouse facility and asset-backed financing
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Credit Acceptance Announces Extension of Revolving Secured Warehouse Facility and Extension of $500.0 Million Asset-Backed Financing
September 15, 2026 4:02 PM EDTSouthfield, Michigan, Sept. 15, 2026 (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 $500.0 million revolving secured warehouse facility (the Facility) will cease to revolve from September 20, 2027 to September 15, 2028. The interest rate on borrowings under the Facility has been decreased from the Secured Overnight Financing Rate (SOFR) plus 185 basis points to SOFR plus 175 basis points.
There were no other material changes to the Facility. As... More
